ID Logistics Group stock rebounds but remains below its moving averages
The contractual logistics specialist's share price recovered ground on Thursday, benefiting from a globally favorable market context to erase part of its monthly decline. The rebound occurs as the stock remains pressured by its moving averages, following several weeks of slide that had brought it below its 322 € support level.
A 1.72% rebound that is not yet sufficient to break through mobile resistance levels
ID Logistics Group is trading at 325.50 € during the session, up 1.72% compared to Wednesday's close at 320 €. The stock is advancing in an SBF 120 that is also oriented upward by 0.57%, without however re-entering its main moving averages. The 20-day MA at 329.15 € represents the first zone to break through, with the price remaining below it by approximately 1%.
The 50-day MA at 342.42 € and the 200-day MA at 365.42 € are further away, with respective gaps of 4.94% and 10.92% above the current price, reflecting an underlying downtrend still firmly in place. The RSI at 40 remains in slightly degraded neutral territory, far from extreme zones. Over one month, the stock is still posting a decline of 5.1%, and the year-to-date balance stands at -20.9%, which places this rebound in a context of lasting correction.
Solid North American momentum facing headwinds on the market
To understand the fundamental backdrop, one must go back to the first half 2026 results, published on August 26, which showed revenue growth of 18.3% with operating margin improving. The North American momentum proved particularly vigorous, with comparable growth of 46.3%, and the group opened its twentieth country of operation, Australia, via 17 new contracts started during the half-year. These positive factors are nevertheless confronted with a more tense macroeconomic environment: the Fed raised its rates by 25 basis points on Thursday, September 17, the first increase since 2023, fueling concerns about more restrictive financial conditions for groups with high operational intensity such as logistics operators.
Brent at 103.79 $/barrel, down 1.93% during the session but still elevated, also weighs on transportation costs. The technical support at 313 € represents the next reference point to monitor if the stock were to fall back, while resistance at 349.50 € remains still far from the current price.
