Emeis Shares Drop 3.8% Yet Maintain 40% Yearly Gain
Emeis shares fell by 3.76% to €14.57 by midday Monday, while the SBF 120 index dropped by 0.74%. Despite being among the largest declines in the index, the stock still shows a 40.77% increase over the past year amid global bond market tensions and Brent crude above $110.
The Pullback Brings Emeis's Price to its 20-Day Moving Average
Following a session on May 14 at €15.25, which had brought the stock close to its resistance level at €15.33, Emeis has erased some of its gains, returning to €14.57. The price is now at the contact point of the 20-day moving average at €14.55, with a residual gap of 0.14%. This zone had served as a pivot in recent weeks. Longer averages remain favorably oriented: the 50-day MA at €14.04 is about 3.8% below the price, and the 200-day MA at €13.77 is nearly 5.8% lower. The RSI at 58 remains in neutral territory, away from overbought or oversold zones. The technical support identified at €13.39 marks the next lower boundary if the decline continues.
A Session Hampered by Bond Pressure and Global Oil Shock
Today's decline occurs in a deteriorated market environment. U.S. and Japanese sovereign yields are hitting new highs, with the U.S. 10-year reaching 4.63%, its highest since February 2025. Brent crude is trading around $111 per barrel, following the war in Iran and the prolonged closure of the Strait of Hormuz. Markets now estimate a more than 50% probability of a Fed rate hike by December. The CAC 40 is down 0.7% and the SBF 120 has lost 0.74%. In early May, the company confirmed its outlook when it published its first-quarter revenue, with organic growth of 6.3% and an expected EBITDAR guidance for 2026 to increase by more than 10%. The appointment of Jean-Marc Boursier as the new deputy CEO, effective July 1, rounds out the governance schedule. Over a year, the stock maintains a 40.77% lead.
