In one month, AXA stock has lost 6% and continues to slip by nearly 2%

A decline that brings the stock below its short and medium-term moving averages

AXA stock is down 1.92% to €41.95 during trading, while the CAC 40 is falling 1.41%. The stock finds itself 3.43% below its MA20 (€43.44) and 4.59% below its MA50 (€43.97), following Tuesday's gain of approximately 2%. It remains, however, 1.30% above its MA200 (€41.41), which serves as the last defense before support at €41.64. Over the month, the decline reaches 6.03%, and the loss over seven days stands at 3.54%.

The RSI at 44 remains neutral: the movement is heavy in price, but it is not accompanied by any oversold zone. This decline is part of a downward-oriented market across all European exchanges, in a context where the 10-year OAT is at 4.83% on October 7 according to the Banque de France, 7 basis points away from its recent peak on October 1. The spread with the Bund (3.49%) is 1.34 points. French debt is thus at tension levels rarely seen since 2011, which the Paris market as a whole is experiencing.

A 2027-2029 strategic plan presented mid-September and improved half-yearly results

The group unveiled its 2027-2029 roadmap on September 15, which maintains total distribution at 75% of operating earnings per share and plans approximately €25 billion in cumulative organic cash remittances over the period. When publishing its first-half 2026 results on July 31, AXA indicated it was on track to achieve the objectives of its "Unlock the Future" plan. Its operating earnings per share had advanced 8% at that time.

Since then, the stock price has lost approximately 5% over three months, while the stock had approached the €45 resistance level mid-September. This zone, at €45.06, remains the high level to monitor from a technical perspective, while the MA200 and support at €41.64 limit the lower part of the current configuration.