Rubis stock drops nearly 3% and breaks through its €36 resistance
Rubis is losing momentum this Friday, with a notable decline that contrasts with the bullish trend displayed since the publication of its interim results in early September. The stock is falling while Brent itself is losing ground during the session, in a context of a declining Paris market.
A 2.71% decline that breaks through resistance, despite solid fundamentals in H1 2026
The Rubis stock loses 2.71% to €35.22 during the session, falling back below the €36.20 resistance that corresponded to yesterday's closing price. This decline occurs in an SBF 120 index that is down 0.77%, but Rubis amplifies the movement and finds itself among the strongest decliners in the index. Brent, for its part, is falling 2.15% to $102.57 per barrel at mid-session, which mechanically weighs on Rubis, a company sensitive to oil prices.
Yet the fundamental context remains favorable: during the publication of H1 2026 results on September 8, Rubis raised its annual EBITDA target, with a tone deemed confident by management. Over one year, the stock still shows a gain of 14.35%, which tempers the reading of today's decline. Performance over one month remains positive at +3.28%, a sign that the underlying trend remains intact despite session pressure.
The stock remains anchored above its three moving averages, RSI in overbought zone to monitor
In terms of indicators, Rubis maintains a favorable positioning relative to its moving averages: the price of €35.22 is above the 20-day MA at €34.39 (spread of +2.41%), the 50-day MA at €33.55 (+4.98%) and the 200-day MA at €33.87 (+3.99%). This cushion above the three moving averages illustrates the strength of the movement initiated after interim results. Conversely, the RSI at 71 signals an overbought configuration, consistent with the decline observed today: after the 5% gain on September 8 and the 2.5% gain on September 11, a phase of partial correction was technically apparent.
The support at €33.26 remains far from the current price. Analyst views on the stock, which had been revised upward following interim results, constitute a fundamental anchor for the security. The next technical reference to watch is the 20-day MA at €34.39, the first support level in case of further decline.
