Solvay's Stock Rebounds to €25.40 but Remains Below Its Moving Averages
This afternoon, the Belgian chemical company stands out on the Parisian market. The stock is gaining ground after a more than 8% decline over three months, in an SBF 120 that is up 0.30%. The rebound occurs despite a charged sectoral context, marked by a surge in Brent and rising bond yields.
Solvay Among the Top Gainers in the SBF 120 Mid-Afternoon
Solvay's stock is up 2.58% to €25.40, after closing at €24.76 last. This increase places the stock among the top gainers in the SBF 120, behind Teleperformance (+6.2%), Publicis (+4.41%), and Sartorius Stedim Biotech (+3.78%). The rebound occurs in a contrasting market environment. The CAC 40 is up 0.36% at 7,981 points, supported by cyclical stocks, while the Nasdaq was down 1.54% at the last available indication. Against a backdrop of Brent above $110 and the rise in the yield of the US Treasury to 4.63%, these continue to weigh on assets sensitive to energy costs and financing. The movement today mitigates some of the recent downward dynamics. The stock remains at -3.35% for the week and -15.33% for the year. It follows the rebound that began last week, after the post-results downturn on May 7, already discussed during the stock's recovery to €27.32.
The Price Breaks Below the Lower Bollinger Band Indicating Technical Overselling
In terms of indicators, the situation remains tense despite the rebound. The price at €25.40 is below the lower Bollinger Band set at €26.11, indicating a potential overselling situation following the decline of the last two weeks. The RSI at 42 remains in the neutral zone, without crossing any thresholds. The stock also remains below its three moving averages, with a gap of 7.33% below the MM20 (€27.41) and 6.38% below the MM200 (€27.13). The support threshold identified at €26.22 has not been reclaimed during the session, with the price staying below it despite today's rise. Regarding news, the first quarter accounts published on May 7 had weighed heavily on the stock, with the company then mentioning a volatile external environment and focusing on cash generation. The next financial calendar event is the publication of the semi-annual results for 2026, scheduled for July 29.
