Rexel share stumbles on its resistance at €37.95 after a decline of nearly 2%
A failed attempt at a breakthrough on Wednesday: the electrical equipment distributor touched an intraday high of €38.25 before retreating, ultimately losing ground in a Paris market clearly in the red. The reversal occurs as the CAC 40 loses nearly 1.81% during the session, amid geopolitical tensions in the Middle East and a rise in long-term rates.
A resistance at €37.95 tested but not consolidated, the share retreats towards its moving averages
During the session, Rexel briefly broke above its resistance of €37.95, pushing to €38.25, before falling back below and returning to €37.23, a decline of 1.9% compared to the previous day's close at €37.95. This retreat brings the share into contact with its 50-day moving average at €37.13, with a gap of only 0.27%: the fifty-day moving average is now the primary reference level to monitor. The price remains above the 20-day moving average at €36.43 and the 200-day moving average at €35.74, which preserves an overall positive configuration across different time horizons.
The RSI at 60 reflects still bullish momentum, without excess: the share does not enter overbought territory, even after the intraday peak. In an SBF 120 that loses 1.75% during the session, Rexel's ranking (86th out of 120) reflects a decline in line with the general trend of the index, with no notable divergence.
Solid gains over one year, in a sector penalized by construction market weakness
Over twelve months, the share shows a gain of 31.88%, which remains one of the strongest performances among industrial stocks in the SBF 120. Over the week, the gain approaches 4%, the bullish momentum of recent days having driven the share to the resistance whose breakthrough did not hold on Wednesday. The sector context remains difficult: in France, the construction climate stands at -18.2 according to Eurostat data for August 2026, against -6.7 for the eurozone, and housing permits show a decline of 8% over twelve months.
Rexel, whose electrical equipment demand is closely linked to construction activity, is evolving in a depressed construction environment, even though the group had highlighted, when publishing Q1 2026 results on April 20, its ability to capture demand linked to the energy transition. The resistance at €37.95 remains the level to overcome and consolidate for the bullish trend to regain momentum.
