Rubis Shares Drop Nearly 3% and Break Support, Weighed Down by Brent's Fall

The Stock Breaks Its Support at €32.34 and Enters Oversold Territory

Rubis shares fell 2.97% to €31.38 in early afternoon trading, after breaking through its support level at €32.34 during the session. The decline is part of an already established downward trend, with a loss of 12.74% over a month and 6.72% over the week. The price is now significantly below its three reference moving averages: 9.9% below the MM20 (€34.83), 10.1% below the MM50 (€34.91), and 6.1% below the MM200 (€33.40).

The RSI has dropped to 28, entering the oversold zone, which reflects the selling exhaustion of recent sessions without yet signaling a confirmed low. The stock remains trapped in a descending channel, with the next resistance set at €36.14.

A Decline Exacerbated by Brent's Fall and Ongoing Tensions in Iran

The movement occurs as Brent falls 1.17% to $76.99 a barrel, accumulating a decline of 8.7% since June 14, following the U.S. denial of Iran's claimed closure of the Strait of Hormuz. Directly exposed to the oil value chain through the distribution of energy products, Rubis sees its stock align with this decline, while analysts mention up to 85 million barrels potentially returning to the market in the event of normalized flows. The context contrasts with that of June 16, when the stock had advanced 2% on the day of its dividend detachment.

Based on the consensus of analysts surveyed, the stock is trading at about 9.9 times the expected earnings for the current fiscal year. Over one year, the stock still maintains a lead of 15.28%, despite the corrections of recent weeks.