GTT Shares Rise by 2.93% Midday Amid Strong Order Book

Midday Performance and Technical Breakthrough

On this Thursday, January 15th, GTT's stock price at midday stood at 175.60 euros, marking a 2.93% increase from the previous day's close at 170.60 euros. The stock has shown a weekly performance of 11.7%, reflecting a renewed interest from investors in the cryogenic containment systems specialist. This increase follows the announcement on January 12th of an order from Samsung Heavy Industries for the design of tanks for two LNG carriers, each with a capacity of 174,000 m³, intended for the shipowner Purus. Trading volume remains moderate with 0.06% of the capital traded since the opening. Technically, the stock has broken through its resistance level at 174.50 euros, a level that had capped rising attempts in recent days. The RSI stands at 79, indicating an overbought zone that reflects marked short-term enthusiasm. This breakthrough comes as the price moves well above its 50-day moving average, positioned at 168.15 euros, confirming a short-term upward trend.

Consolidation of Recovery Since Early January

GTT's stock consolidates its recovery that began in early January, with a performance of 10.51% over three months and 26.33% over one year. The price is now 9.76% above its 200-day moving average, set at 160.02 euros, a gap that confirms a bullish underlying trend. The MACD, with a line at 0.54 and a signal at -1.47, generates a positive histogram of 2.01, reinforcing the prospects for a continuation of the movement in the short term. The technical support remains firmly anchored at 154.90 euros, a level that had contained declines at the end of the year 2025. The Money Flow Index (MFI), positive at 0.13, suggests that capital inflows remain favorable despite limited volumes. Goldman Sachs, which initiated neutral coverage in early December with a target of 165 euros, sees its target price exceeded. The recent order from Samsung Heavy Industries, coupled with the mid-December announcement of seven LNG carriers from Hanwha Ocean, enhances the group's visibility on its 2028-2029 deliveries and reinforces its status as a global leader in the design of tanks for LNG carriers.