Rexel Shares Drop 2.29% Approaching a Critical Support at €31.35

Market Performance and Technical Indicators

During the session, Rexel is trading significantly below its 50-day moving average of €35.18, indicating a bearish momentum that has been established for several weeks. The price is approaching the support threshold identified at €31.35, a technical level to watch: a downward breach could increase selling pressure on the stock. The RSI, currently at 45, indicates a neutral zone slightly oriented towards weakness, without signaling an oversold situation. The 200-day moving average, positioned at €30.44, provides a longer-term floor that remains preserved for now. Over three months, the stock has declined by 2.47%, contrasting with a gain of 23.52% over the year, signaling a recent slowdown after a generally positive annual performance. Comparable industry stocks, such as Schneider Electric, also fell by 2.39% during the session, while Airbus dropped 1.79%, confirming a fairly broad retreat among major French capitalizations this Friday.

Market Tensions and Financial Climate

This Friday's session is marked by high tension in the financial markets. The VIX, a barometer of nervousness on global markets, stood at 25.33 points at the close of Thursday, a level that reflects persistent apprehension among operators. The CAC 40 is down 1.11% during the session at 7,683 points, while the SBF 120 loses 1.12% at the same time. Instability in oil prices, with a barrel of Brent reaching $106 on March 26 due to tensions between Washington and Tehran, weighs on the entire European stock market. For a company like Rexel, whose business of distributing electrical equipment is linked to investment cycles in construction and industry, the rise in energy costs can be a factor of vigilance for operational margins and customer demand. The general assembly on April 22 will be an opportunity for management to specify its orientations in this uncertain context.