BIC Shares Break Through Resistance at €59.40, Gaining 2.39% Against the Downward Trend of the CAC 40

Technical Breakthrough Against the Current of the Paris Market

BIC's stock has risen above its identified resistance at €59.40, a threshold where the price had previously stalled on April 28 before falling back to €58.10. Today's movement brings the stock to the upper end of its Bollinger band, at 92% between the bounds, with an upper limit at €60.62. The RSI at 69 indicates a strong buying momentum, bordering on the overbought zone. The increase is part of a more solid underlying trend. Over three months, the stock has gained 12.17%, and it now trades well above both the 50-day moving average (€55.10) and the 200-day average (€52.71). The contrast with today's session is stark: the SBF 120 is down 0.41% and the CAC 40 is down 0.53%, in a market environment characterized by Brent crude around $108 a barrel and the ECB's decision to maintain key interest rates on April 30.

After Quarterly Earnings, Focus Shifts to the General Assembly

Today's rebound comes a few sessions after the announcement of the first quarter revenue. The group reported organic growth of 1.6% at €453 million, consistent with the trajectory presented in February, although currency effects weighed on the reported revenues. The stock had fallen to €58.10 the day after the announcement, before recovering this week. The next financial calendar event is the 2026 General Assembly, scheduled for Wednesday, May 20. Over one year, the performance remains modest at 4.9%, but the recovery over three months brings the stock close to the 2026 highs. The breakthrough at €59.40 now sets the next technical marker at the upper Bollinger bound of €60.62.