LISI share breaks through 59.50 € support and declines 12.5% over one month
The equipment manufacturer specializing in aeronautical and automotive fasteners crosses a closely monitored technical threshold downward, in a session unfavorable to European markets. The decline occurs as the stock remained fragile for several weeks, after attempting twice to stabilize in this support zone.
The 59.50 € support broken during the session, the stock below its three moving averages
LISI loses 2.65% to 58.80 € during the session, after closing at 60.40 € the previous day. The downward breach of the 59.50 € support is the day's key development: the stock has fallen below this level and remains there, at 59.30 € at its low. This threshold had already been tested on September 3 and 4, and the stock had bounced back each time. This time, the support zone gives way, and the technical configuration has deteriorated significantly.
The price now trades below its three moving averages: the 200-day MA at 59.50 € (down -1.18%), the 20-day MA at 63.60 € (-7.55%) and the 50-day MA at 65.22 € (-9.84%). The RSI at 39 approaches oversold territory without entering it firmly, reflecting persistent selling pressure on the stock over several weeks. Over one month, the stock loses 12.5%, although the one-year performance remains strongly positive at +45.36%.
A sharply declining SBF 120 amplifies pressure on the stock this Wednesday
In this context, the stock ranks among the weakest in the SBF 120, which declines 1.77% during the session. The CAC 40 also slips 1.86%, in a day marked by persistent geopolitical tensions in the Middle East and long-term European rates at multi-year highs. The VIX, a barometer of implied volatility on American markets, rises 7.65% during the session to 16.47 points, signaling increased nervousness. For Lisi, the next resistance to watch remains at 68.30 €, well above the current price, while the breach of the 59.50 € support opens a configuration with no identified technical floor in the short term below.
