Derichebourg's Stock Rebounds by 3.5%, Supported by Strong Aluminum Prices
The metal recycler stands out in green as the Parisian market ends the week on a bullish note. The rebound brings the stock back in line with its short-term moving average after several sessions of consolidation, within a context of strong aluminum prices.
A 3.32% Rebound Brings the Stock Back to its 20-Day Moving Average at €9.94
Derichebourg's stock gains 3.32% to €9.945, up from €9.625 at the previous close. The stock rises to the top half of the SBF 120, with the index itself up by 0.53% during the session. Today's rebound allows the recycler to precisely meet its 20-day moving average at €9.94, following a documented decline at the end of June in a brief from June 26th. The price remains above the 50-day moving average (€9.77, a 1.79% difference) and significantly above the 200-day moving average at €7.87, representing a cushion of over 26%. The RSI at 45 indicates a neutral configuration, without extremes in either direction. Over the week, the stock is still down by 2.59%, while its twelve-month performance remains very strong, at nearly 70%.
A Favorably Oriented Metals Environment Extends the Underlying Momentum
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The rebound occurs as Derichebourg, a metal recycling specialist, operates in a context of firm aluminum prices, quoted at $3,666.10 per ton according to the latest World Bank data, up 19.6% over three months. This backdrop highlights the stock's quarterly performance, up 13.8% over three months. In the shorter term, the sequence has been more erratic: after a pause noted at the beginning of June in a dedicated brief, followed by a new decline in mid-June, the stock has lost nearly 4% over a month. However, the technical configuration remains constructive as long as the 50-day moving average, at €9.77, holds as support. The first identified resistance threshold is at €10.25, approximately 3% above the current price.
Demande ferrailles meilleure grâce à quotas restrictifs et droits de douane UE
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