Derichebourg stock drops 15% over the quarter, trading below all its moving averages
Selling pressure persists on the shares of the ferrous metal recycling and urban cleanliness group, which fell further this Thursday in a Paris market itself weakened by tension over French debt. The correction that began last summer is deepening, as the macroeconomic context weighs on the entire SBF 120 index.
A decline of 1.82% that extends technical deterioration below all moving averages
At mid-session, Derichebourg is down 1.82% at €8.10, bringing the quarterly correction to 15.05%. The stock is now trading below its three reference moving averages: the 20-day MA at €8.89, the 50-day MA at €9.08, and the 200-day MA at €8.87, all significantly above the current price. This complete bearish alignment reflects a progressive deterioration that has been in place for several weeks, accentuated by the breakdown of support at €8.68 at the end of September.
The RSI at 31 is approaching the oversold zone without clearly reaching it, signaling seller exhaustion without constituting a reversal signal in itself. The price has already broken through the €8.25 threshold identified as support, with the next notable resistance level at €9.44, representing a gap of more than 16% from the current level.
A tense macroeconomic context and fundamentals that underscore the caution displayed in the first half
The session is taking place in a Paris market under pressure: the CAC 40 is down 1.23% and the SBF 120 is declining 1.27% in the session, amid growing budgetary uncertainty. The ten-year French OAT has reached 4.86%, approaching its peak of 4.87% observed in 2008, while the spread with the German Bund stands at 1.30 percentage points, its highest level since 2012. This deteriorated bond market context is weighing on all listed French stocks. On the fundamentals front, when publishing H1 2026 results on May 28, management displayed a cautious tone, mentioning "certain difficulties encountered during the second half of the past fiscal year" and vigilance regarding the geopolitical context.
The EBITDA target for the following fiscal year was then set at 360 million euros. According to the consensus of surveyed analysts, the stock is trading at approximately 8.5 times expected earnings for the current fiscal year, a modest multiple that reflects uncertainties weighing on scrap volumes and short-term profitability. One-year performance remains positive at +54%, but it is eroding rapidly: the monthly decline has now reached 12.2%.
