Rexel Stock: Shares Retest Moving Average After +45% Yearly Gain
The electrical equipment distributor falls during the session in a declining Parisian market. The stock approaches a short-term moving average after several weeks of gains, while its annual performance remains substantially positive.
The stock approaches its 20-day MA at €36.82 after a 2% drop in session
Rexel's stock loses 2% to €36.80, down from €37.55 the previous day. The decline brings the price right back to its 20-day moving average at €36.82, which now serves as an immediate benchmark. Nevertheless, the stock remains 3.20% above its 50-day MA (€35.66) and 13.06% above its 200-day MA (€32.55), indicating that the medium and long-term trend is still bullish. The RSI at 56 remains in the neutral zone, without signaling any excess. The nearest technical support is identified at €34.23, with resistance at €38.48. Today's movement occurs in a heavy session, with the SBF 120 down 0.41% and the CAC 40 down 0.48%. Over the week, Rexel remains slightly positive (+1.46%), and over a year, the stock maintains a gain of 45.22%.
A North American External Growth Strategy Financed by the Bond Market
Earlier this month, the group signed the acquisition of Revere Electrical Supply, an Illinois-based industrial automation distributor that reported approximately $330 million in revenue in 2025. This is the second operation of the year and the sixteenth in North America since 2020, as part of a strategy to densify its network across the Atlantic. To finance its development, the group also launched an issuance of convertible bonds worth €400 million maturing in 2031 at the beginning of May, aimed at meeting the general needs of the company. The group is led by Agnès Touraine, chairwoman of the board, from its Paris headquarters. The next technical milestone to watch for holders is the behavior of the price around the 20-day MA, the maintenance of which conditions the continuation of the medium-term bullish movement.
