Bouygues stock breaks its support and drops nearly 3%, RSI approaching oversold territory

A broken support widening the gap to the three moving averages

Bouygues fell 2.67% to €44.45 during the session, after breaking through its support at €45.67. The stock remains below this threshold, now transformed into an intermediate resistance level. This breach worsens an already degraded technical configuration: the price is now trading below its three moving averages, with the 20-day MA at €47.65, the 50-day MA at €47.92, and the 200-day MA at €47.94 all widening a gap of approximately 7% compared to the current price.

The RSI at 34 approaches oversold territory without having reached it yet, reflecting progressive selling exhaustion during the session. Over the week, the decline reaches 4.82%, and over the month, the correction exceeds 6.5%. The next significant resistance to watch remains at €49.45, more than 11% above the current price.

A sector context under pressure as the CAC 40 retreats

The August 27 session is difficult for the entire construction segment listed in Paris. Eiffage fell 5.70% and Vinci lost 2.43%, a broad movement reflecting widespread selling across the sector. The CAC 40 itself retreated 0.95% during the session, in an overall cautious market, although the VIX at 14.9 indicates contained volatility.

This pullback follows the half-year results published in late July, which had nonetheless triggered a 7% jump in the stock. Over one year, Bouygues still maintains a positive performance of 22.12%, but the quarterly decline of 11.14% illustrates the pressure exerted since the July peak. The €49.45 resistance constitutes the first hurdle to overcome to reverse the short-term downward momentum.