Interparfums stock breaks through its 32.46 € resistance level and surges 4.5%
Interparfums stock climbs sharply during the session, following a quarterly publication marking a return to growth. The security has just broken through a technical resistance level and is approaching a psychological threshold. This rebound occurs in a slightly rising Paris market.
A third quarter in growth that raises the group's annual target
Interparfums gains 4.62% to 33.94 €, among the strongest gainers in its index, after publishing this morning a turnover of 265.5 M€ for the third quarter, up 4.8% at current exchange rates. The group now targets the upper end of its annual sales objective, at approximately 870 M€. This shift contrasts with the contraction in activity observed in the first half, as indicated by the publication of September 9.
Over nine months, sales nevertheless remain down 2.9%, at 679.8 M€. Disparities between regions are marked: Asia advances 32% over the quarter, while Eastern Europe declines 31%.
A resistance level at 32.46 € broken and a security far from its 200-day moving average
The security has broken through its 32.46 € resistance level during the session, which becomes a support level, and is holding above it. It is now trading 40.8% above its 200-day moving average, at 24.10 €, after a gain of 28% over three months. The RSI, at 72.5, signals an overbought configuration.
On the analyst side, TP Icap Midcap raises its price target to 39 € from 38 € previously, with a buy rating, representing a potential upside of 15% from the current price. CIC Market Solutions maintains its hold rating, with a target of 30 €. The next resistance level is at 34 €.
