Renault among the best performers in the CAC 40: stock rebounds 2%

A rebound that keeps the stock below its three moving averages

Mid-morning, Renault advances 2.04% to €26.57, while the CAC 40 gains 0.81%. The stock is among the strongest gainers in the index, but this upturn does not erase the 10.18% decline recorded over one month. It also remains below its three moving averages: the gap is 1.45% with the MA20 (€26.96), 4.80% with the MA50 and 8.94% with the MA200.

The RSI at 43 remains neutral, and support at €25.09 is located approximately 5.6% below the price. On the news front, Renault and EDF presented on October 8th a joint offer combining electric vehicle, home charging station and V2G charging management. The two groups aim to reduce the cost of ownership for French households.

Solid half-year results, low valuation and tight rate environment

Upon the publication of H1 2026 on July 30th, the group reported revenue of €30.3 billion (+9.5%) and an electrified mix in Europe raised to 52.0%. It also mentioned, among risks, the crisis in the Middle East and its impact on raw materials, energy and logistics costs. According to the consensus of analysts tracked, the stock is valued at approximately 4 times current fiscal year earnings.

The session takes place against a backdrop of tension in French debt: the 10-year OAT is at 4.90% (Banque de France survey of October 8th), with a 1.40 percentage point spread against the Bund. According to reviewed disclosures, net short positions reach 8.35% of capital, distributed among 8 funds, nearly stable over 30 days (-0.07 point), reflecting persistent caution around the stock. The next key benchmark remains the MA20 at €26.96, which the price has not yet recovered.