Nexans shares rebound above its three moving averages

A rebound that restores Nexans to technical strength, above its three moving averages

Nexans gains 1.9% during the session and trades at €139.40, ranking among the strongest gains on the SBF 120 this Monday morning. The stock is now above its three moving averages: the 20-day MA at €138.70 (variance +0.50%), the 50-day MA at €136.72 (+1.96%) and the 200-day MA at €136.12 (+2.41%). This triple upside crossover contrasts sharply with the difficult sequence of the previous week, which had seen the stock decline 5.5% on September 14 and fall back below all of its moving averages.

The RSI at 48 remains neutral, leaving room before any overbought configuration emerges. The next resistance level stands at €144.70, representing potential upside of approximately 3.8% from current levels.

A heavy macro backdrop and half-year fundamentals supporting long-term visibility

The session unfolds in a mixed market environment: the CAC 40 gains 0.88% during trading, buoyed by a pullback in crude prices (Brent retreats roughly 2% to $101.71) which eases inflationary pressures on energy-intensive industrials. Simultaneously, major central banks have raised their key rates over the past week, maintaining tight financial conditions. Nexans published its first-half 2026 results on July 29. The group had raised its outlook at that time, targeting EBITDA of €805 million for the year, driven notably by its entry into the American low-voltage market through the Republic Wire acquisition and a PWR-Transmission line booked through mid-2028.

On the financial front, the €500 million bond issuance at 4.25% completed on September 10 enabled the group to refinance the bridge loan related to this acquisition, thereby strengthening its balance sheet. Over one year, the stock still posts a gain of 4.26%, but remains weighed down by a decline of 12.22% over three months. The support level at €131.40 constitutes the floor to monitor should today's momentum fail to sustain.