Spie's Stock Rebounds Nearly 2% and Moves Above its Moving Averages

A Rebound that Takes SPIE Above Its Three Key Moving Averages

SPIE gains 1.91% to €49.04, up from €48.12 the previous day, in a CAC 40 that is up by 1.83% and an SBF 120 that is up by 1.78%. The stock moves above its MM20 (€48.31, gap +1.51%), MM50 (€47.98, gap +2.21%) and MM200 (€47.29, gap +3.70%), a configuration that was missing at the beginning of June when the price had returned to its 200-day moving average after a decline of 1.6% on June 8. The RSI at 51 remains neutral, without marked bullish tension. The resistance identified at €51.75 is about 5.5% above the current price and is the next zone to watch on the chart.

A Session Driven by the ECB's Decision and the Retreat of Brent

The rebound occurs in a decidedly bullish Parisian market, as the ECB raised its three key interest rates by 25 basis points on June 12, bringing the deposit rate to 2.25% as of June 17. The simultaneous easing observed in Brent, which returned to around $89 after the announcement of a possible de-escalation between Washington and Tehran, lightens the inflationary context that weighed on European cyclical stocks. However, the prospect of an average inflation projected at 3% in 2026 in the eurozone still maintains pressure on long-term rates, a parameter to which SPIE's infrastructure contract activities remain sensitive. Over three months, the stock has gained 2.51% and remains on an upward trajectory of nearly 12% over a year, about 5.5% from the technical resistance of €51.75.