Rexel stock gains nearly 5% over the week and attacks a key threshold
Rexel stands out as one of the most dynamic stocks in the SBF 120 this Tuesday, within an index nearly balanced. The electrical equipment distributor briefly surpassed its resistance level of €37.61 during trading before pulling back slightly, a sign of real buying pressure despite the absence of a pullback.
A resistance breakthrough during the session that confirms the bullish momentum of the stock
The Rexel stock gains 2.62% to €37.64 during the session, bringing its weekly advance to nearly 5% in an SBF 120 that is stagnating at +0.04%. This movement is accompanied by a notable technical signal: the price briefly broke above its resistance level of €37.61 to touch a high of €37.82, before retreating below this threshold (last price at €37.51). This type of breakthrough without immediate consolidation reflects a tense configuration, with the stock testing a key level that it has not yet fully integrated.
Above its three moving averages (MA20 at €36.39, MA50 at €37.12, MA200 at €35.71), Rexel displays a constructive configuration. The RSI at 52 remains neutral, without signaling overbought conditions, which leaves room for the current momentum to continue. The next identified resistance is at €39.30, approximately 4.5% above the current price.
An annual gain of 36% rooted in sector recovery, but a macro context to monitor
Over twelve months, Rexel displays a gain of 36.43%, a performance that reflects the group's ability to capture flows related to the energy transition. When publishing Q2 2026 results on July 28, the group announced growth of 6.7% and raised its full-year targets. This underlying context contrasts with a deteriorating construction environment: according to Eurostat and INSEE data from August 2026, the construction climate in France stands at -18.2, housing permits decline 8% year-over-year, and sector output falls 4.8% in annual terms.
Rexel, whose demand is exposed to the construction cycle through equipment and services, is thus evolving in a final market under pressure, even though its ability to position itself in energy renovation and electrification markets partly mitigates this effect. Furthermore, money markets anticipate a 25 basis point rate hike by the ECB on Thursday, which would bring the deposit rate to 2.50%: a higher rate environment could weigh on the pace of investments in construction and renovation. The analysts' consensus remains a key benchmark to assess whether the breakthrough of resistance at €37.61 is confirmed in coming sessions.
