AXA Shares Hit All-Time High During Session, Up 12.5% Over a Month
The French insurer continues its upward trend, reaching a new all-time high during the session. The stock extends a dynamic that began in the spring, within a generally rising CAC 40, although several cyclical stocks are lagging.
New Historical High at €44.54 and RSI in a Tense Zone
AXA's stock rose by 0.68% to €44.47, after reaching an all-time high of €44.54 during the session. This new record surpasses the previous peak of €44.43. The stock thus extends a gain of 12.53% over a month and nearly 10% over three months. The technical setup remains decidedly bullish: the price is above the MM20 (€42.57), MM50 (€41.08), and MM200 (€39.84), with a gap of 11.6% from the latter. The RSI has risen to 72, in the overbought zone, signaling a phase of acceleration that calls for caution regarding the continuation of the movement. Above the current price, the next psychological threshold is at €45, with no previous technical references at this level.
A Rebound Driven by Defensive Stocks in a Mixed CAC 40
AXA is performing in a CAC 40 that is up by 0.48%, driven by defensive and consumer goods stocks, with Pernod Ricard, Carrefour, and L'Oréal leading the way. Conversely, STMicroelectronics has dropped more than 5% and Schneider Electric nearly 2%, illustrating a shift towards less cycle-exposed stocks. The insurer benefits from this trend but is not among the top performers in the index. The sectoral context remains favorable: life insurance collections in France have increased by 7% year-on-year as of the end of April, with a 33% share in unit-linked products, while non-life premiums show strong growth. The next important event will be the publication of the semi-annual sales figures, traditionally scheduled for the end of July and beginning of August.
