Nexans stock rebounds 2.5% and challenges its 200-day moving average

A 2.56% rebound that places Nexans at its 200-day MA, between support and resistance

Nexans gains 2.56% to €136.20 during the session, after closing at €132.80 the previous day. The stock thus finds itself at its 200-day moving average (€136.55), a level that has been acting as a pivot for several weeks. It remains, however, slightly below its 20-day MA (€137.06) and its 50-day MA (€137.08), two averages that converge at virtually the same level and now constitute nearby resistance.

The RSI at 43, still in neutral territory, shows neither selling exhaustion nor overheating: the momentum remains open. Between support at €131.40 and resistance at €143.50, the stock occupies the middle of its range, without decisive breakthrough at this stage.

Upgraded half-year results and Republic Wire acquisition: the backdrop guiding prospects

Upon publication of H1 2026 results on July 29, 2026, the group had raised its 2026 guidance, now targeting EBITDA of €805 million. This guidance reflects management's confidence in the ramp-up of Republic Wire integration, which has entered the U.S. low-voltage market valued at €12 billion, with approximately €23 million in synergies expected at steady state. On the financial structure, the €500 million bond issuance completed on September 9, 2026 at 4.25% made it possible to replace the bridge loan related to this acquisition.

In the background, the Paris market is also evolving in a context of budgetary tension, with the 10-year OAT reaching 4.90% on October 1, 2026, at its highest level since 2002, which weighs on domestic stocks sensitive to rates. The cable manufacturer remains worth monitoring on the resistance side at €143.50 to confirm a more durable turnaround.