Nexity Stock Reaches Its 50-Day Moving Average After Breaking Its Support
The real estate developer regains some ground in mid-session, in a well-oriented Parisian market. The stock attempts to reach its short-term moving averages after a bearish sequence that brought it below its technical support at the start of the week. However, the stock remains significantly down over three months.
The stock regains ground and reaches its MM50 at €8.41
Nexity stock gains 1.82% to €8.3950 during the session, while the SBF 120 is up by 0.88% and the CAC 40 by 0.95%. The rebound occurs after the intra-day breach of the support at €8.17 observed during the session on May 21. The price has come into immediate contact with the MM50 (€8.41), with a residual gap of only 0.18%, and remains slightly below the MM20 at €8.46. The MM200, at €9.07, maintains a lead of 7.4% over the price, indicating that the medium-term trend remains downward. The RSI at 46 indicates a market that is neither bullish nor bearish, consistent with a stabilization phase after the support test. Over three months, the stock has lost 8.25% and over a year 8.85%.
Regarding positioning, reviewed statements indicate a cumulative net short position of 3.15% of the capital, carried by four funds, an increase of 0.29 points over thirty days. A moderate level, which reflects residual mistrust from some institutional investors without indicating a marked acceleration of the bearish bet.
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