Renault Shares Hit a New Low Since 2022, Breaking Support Level

A New Four-Year Low at €26.30 and a Broken Technical Support

Renault shares fell 3.05% to €26.40 in early afternoon trading, after touching €26.30 during the session. This new low erases the previous level of €26.34 reached in 2022, a year marked by the war in Ukraine and rising interest rates. The stock has broken its support at €26.69 during the session and remains below this threshold, opening a new phase of graphical vulnerability. The manufacturer is among the biggest losers in the CAC 40, in an index that is down only 0.12%. Over three months, the decline reaches 7%, while the drop is more than 32% over one year. The price is now 18% below its 200-day moving average (€32.22), indicating a persistently bearish trend. The RSI at 43 remains neutral, indicating that the day's movement has not yet shifted towards a clear oversold configuration.

An Expanding Bearish Positioning

According to reviewed statements, four funds cumulate 4.91% of the capital sold short, up by 0.65 points over thirty days. The level is high and the progression indicates strengthening bearish pressure, though not yet amounting to a capitulation movement. This point deserves monitoring without drawing isolated conclusions. Conversely, CIC Market Solutions reaffirmed its buy rating the day before with a target of €40, representing a theoretical potential of more than 50% relative to the current price. According to the consensus of surveyed analysts, the stock is trading at about 3.8 times the expected earnings for the current fiscal year. The industrial news remains busy: the group finalized the day before the 100% takeover of Flexis, with the production of the Trafic Van E-Tech Electric scheduled for the end of 2026 in Sandouville, while Dacia launches the new Spring this Thursday. The next market milestone remains the commercial dynamics of the upcoming registrations, as the stock now tests a new low zone not seen since 2022.