Covivio stock breaks through its €50.10 support level and extends its decline

A marked technical decline, with the price pushed below the three key moving averages

Covivio loses 2.2% to €49.00 during the session, after closing at €50.10 the previous day. This level corresponds precisely to the support threshold identified at €50.10, now broken downward, which intensifies selling pressure. The security trades below its three moving averages: the 20-MA at €51.69, the 50-MA at €52.71 and the 200-MA at €54.57, with respective gaps of 5.2%, 7% and 10.2%.

The RSI at 34 approaches an oversold configuration, without crossing it yet. Over the week, the decline reaches nearly 5%, and over one month, the fall exceeds 7%, which underscores the persistence of pressure on the security. The next significant resistance is found at €54.25, or a gap of more than 10% compared to the current price.

Mixed half-yearly results and a valuation that reflects the ongoing correction

In August, the half-yearly revenues published on August 6 had highlighted a nuanced reality: group revenue of €348.3 million, down 2.1% on a current perimeter basis compared to the first half of 2025, but up 2.2% on a comparable perimeter basis. The difference is due to disposals, vacancies related to redevelopments and a one-time indemnity. In this context of stock market correction, according to the consensus of surveyed analysts, the security trades at approximately 9.9 times expected earnings for the current fiscal year and 9.7 times those for the following fiscal year, with earnings per share growth projected at +2.6% from one fiscal year to another.

The market environment remains unfavorable this Tuesday, with the CAC 40 losing 0.49% and the SBF 120 declining 0.46% during the session, which amplifies pressure on real estate stocks. The price of €49.00 now finds itself significantly below the broken support at €50.10, which will constitute the first level to reclaim for any stabilization attempt.