Renault stock declines nearly 2% and falls below its moving average

A decline that brings the stock below its twenty-day moving average

The Renault stock loses 1.96% to €28.07 during the session, marking one of the sharpest declines in the CAC 40, ranking 39th out of 40 securities. The stock drops below its twenty-day moving average, set at €28.22, with a slightly negative gap of -0.53%. This downward crossover follows a solid month of July, during which the value had gained nearly 8% over a one-month period.

The nearest resistance level remains at €29.19, approximately 4% above the current price, while support stands significantly lower at €25.84. The RSI at 56 remains in neutral territory, showing no overbought or oversold signals, leaving the configuration open in both directions.

Short positions in decline, but still at an elevated level for the stock

According to reviewed filings, five funds hold 5.20% of Renault's capital in net short positions, with the latest filing dated August 14, 2026. Over thirty days, this level has declined by 1.67 percentage points, compared to 6.87% a month ago. This declining movement suggests that certain institutional operators have reduced their bearish bets following the publication of half-year results on July 30, 2026, which showed a return to net profit and an operating margin of 5.2% for revenue of €30.3 billion.

At 5.20%, the short stock remains high compared to typical market standards, reflecting a significant portion of capital positioned on the downside. The analyst consensus values the stock on the basis of approximately 4.3 times current year earnings, a particularly low multiple that reflects uncertainties weighing on the European automotive sector.