Maurel et Prom stock declines -5.5% over one week, below its support levels
The independent hydrocarbon producer active in Gabon, Angola, Tanzania and Latin America extends its downward slide this Thursday in a pressured Paris market. The decline is part of a multi-week sequence of accumulated losses, as the stock remains firmly anchored below its key moving averages.
A decline that weighs on weekly underperformance at 5.59%
Maurel et Prom falls 1.73% to €7.69 in trading, as the SBF 120 itself declines 1.32%. This daily decline brings the seven-day loss to 5.59%, amplifying a correction that remains more contained over one month (-2.91%) and over the quarter (-1.35%). The backdrop is unfavorable: the 10-year OAT is approaching its highest level since July 2008 at 4.75%, amid budgetary uncertainty in Paris where the government presents its 2027 budget bill to the Cabinet this Thursday, without any guarantee of parliamentary adoption. On the oil front, Brent is trading at $100.15 per barrel, up 2.16% in trading, which is insufficient to support the stock despite its direct exposure to crude prices.
Support at €7.71 under pressure from moving averages, valuation remains modest
The technical configuration remains degraded. The price is trading below the three key moving averages: the 20-day MA at €8.16, the 50-day MA at €8.14 and the 200-day MA at €8.31 form a collective ceiling approximately 6 to 8% above the current price. The RSI at 40 is not yet in oversold territory, which leaves room for further downside before any signal of selling exhaustion.
The support at €7.71, already mentioned in recent sessions, remains the area to watch: a breakdown below this level would open the way to levels not tested in several months. By contrast, according to the consensus of surveyed analysts, the stock's valuation remains modest, around 6 times the expected earnings for the current fiscal year (EPS expressed in dollars, converted to euros for this calculation), which contrasts with current technical pressure.
