Mersen's Stock Soars Nearly 5%, Leading the SBF 120

Mersen Jumps on Its Support at €37.54 and Leads the SBF 120

Mersen's stock rises 4.75% to €39.26 during the session, while the SBF 120 struggles to gain 0.16%. Thus, the stock positions itself at the top of the broad Parisian index, ahead of Soitec (+4.03%) and STMicroelectronics (+3.90%). This rebound is supported by a buy-back after several days of decline, with the stock having lost 7.27% over the week and 9.25% over the month. Despite this summer dip, the three-month performance remains impressive at +58.69%, and the stock still shows a gain of 83.46% over a year. The rebound occurs at the support threshold identified at €37.54, tested during the last sessions of decline. The RSI at 40 indicates the exhaustion of selling in recent days, without being in an oversold zone. However, the price remains below the MM20 (€41.46) and MM50 (€39.53), indicating that the recovery needs to confirm its magnitude to erase the short-term technical degradation.

A Rebound in a Context of Fragile Market and Energy Tensions

The movement occurs in a tense market environment. The CAC 40 barely gains 0.22%, while the DAX loses 1.69% and the FTSE 100 drops by 1.10%. The VIX rises nearly 5% to 16.92, signaling a resurgence of nervousness in the markets. The surge in Brent crude, returning above $78 a barrel following new US strikes on Iranian targets, and threats to maritime traffic in the Strait of Hormuz, rekindle the energy risk. In this context, Mersen's recovery contrasts with the decline in defense stocks (Thales down 3%, Dassault Aviation 2.69%). The stock remains, however, distant from its MM200 (€28.18), with a gap of more than 39% that reflects the magnitude of the rally since spring. The next technical level to watch is the MM50 at €39.53, the immediate upper boundary of the current zone, before the resistance identified at €44.84.