Leading the CAC 40, Renault stock rebounds 3.5% against short sellers

A rebound that reclaims the 20-day MA and touches the 50-day MA

The Renault share gains 3.71% to €27.69 while the CAC 40 advances 0.31%. It is the strongest gain in the index, ahead of Stellantis, continuing the rebound that began at the start of the week: the stock is up 6.34% over seven days, but still down 6.45% over one month. The price clearly moves back above its 20-day moving average (€26.36, a 5.05% margin) and comes into contact with the 50-day MA (€27.78), while the 200-day MA at €28.96 remains more than 4% above.

The MACD, still negative, sees its histogram rising, and the RSI at 48 is neutral. This rebound occurs in a context of elevated French rates: the 10-year OAT stands at 4.74% at the latest Banque de France reading (October 15), with a 1.35 point spread against the Bund, while the National Assembly continues examining the 2027 budget. Brent at $106.37 per barrel, up 7.9% since October 6, weighs on fuel costs, a parameter to which the sector is sensitive.

With H1 2026 operating results published on July 30, valuation benchmarks and a level of short selling

During the publication of the first half of 2026 on July 30, the group described a difficult environment for 2026, citing the Middle East crisis and its impact on raw material costs, energy and logistics. It also highlighted the acceleration of electrification, with an electrified mix in Europe at 52.0%, up 8.2 points. Based on the analyst consensus surveyed, the stock trades at approximately 4.2 times current fiscal year earnings and 4.1 times the following year's earnings.

Net short positions declared reach 8.81% of capital, distributed among eight funds, according to declarations consulted (latest declaration on October 13). They are nearly stable over thirty days (-0.10 point), reflecting an elevated level but without new mounting pressure. The support level at €25.09 and resistance at €29.60 now frame the trading range.