SPIE share abandons the €43 threshold, among the most neglected values in the SBF 120
SPIE is among the most neglected securities in the SBF 120 this Monday, while the index remains virtually stable. The share has broken through its support level at €43 during the session, a key zone that had already been tested several times in recent weeks, and is struggling to re-establish itself above it.
A €43 support breached during the session, below three descending moving averages
SPIE is down 1.7% at €42.72 during the session, in an SBF 120 evolving slightly higher (+0.08%). The €43 support gave way in the morning and the share failed to recover above it, thus breaking a threshold that has been closely watched for several weeks. This downward breach is part of a trend that has intensified over the quarter: the share is down 16.56% over three months, an amplitude that marks a clear disconnect from spring rebounds.
The three moving averages are weighing on the configuration: the price is below the MA20 at €43.88 (gap of 2.64%), below the MA50 at €45.69 (gap of 6.5%) and below the MA200 at €47.69 (gap of 10.42%). The RSI at 44 remains in neutral territory, with no clear oversold signal, which does not provide any indication of a near floor. The next resistance is identified at €47.90, or more than 12% above the current price.
The buyback of ORNANEs finalizes debt management, short positions decline over one month
On the debt front, SPIE has accepted the buyback of 70% of its convertible bonds maturing in 2028, for approximately €388 million, covering 2,801 securities. The balance of non-repurchased ORNANEs will be redeemed early on October 22, 2026. This transaction is consistent with the bond issue linked to sustainability criteria launched on September 21, which aimed at partial refinancing of existing debt.
When publishing H1 2026 results (July 31, 2026), management had expressed confidence in achieving annual targets. On the short selling side, four funds had accumulated 2.96% of capital sold short as of September 24, according to filings consulted, declining by 0.81 percentage points over thirty days (versus 3.77% a month earlier). This reduction suggests that certain players have reduced their bearish bets from a high level, although the movement is not yet marked enough to indicate a reversal in sentiment.
