Stellantis shares decline over 3%, weighed down by August sales

Sales down in August while the French market advances 3.6%

August figures reveal an underperformance by the two main automakers listed in Paris. According to data published by the PFA this Tuesday, the French light vehicle market grew 3.6% to 110,132 units, but Stellantis posted a decline over the period, contrary to this overall momentum. Renault, which is down 3.53% during the session, shares this difficult position and occupies the last place in the CAC 40. The sector context is therefore weighing on both stocks simultaneously, despite the broader market gains failing to benefit their respective volumes.

Stellantis touching its 20-day moving average, in a degraded trend over three months

At €4.64, the stock is trading practically at its 20-day moving average (€4.65), which reflects short-term fragility: a slip below this level would reopen the road toward the €4.38 support. The 50-day moving average at €4.88 remains well above the current price (a gap of nearly 5%), confirming medium-term pressure. Over three months, the decline has reached 32.35%, while the 200-day moving average at €6.76 is more than 31% above the current price.

The RSI at 51 remains neutral and does not signal any extreme situation, suggesting that today's downward movement is not accompanied by any particular selling exhaustion. Furthermore, the automaker announced on Monday, August 31, the appointment of Arnaud Belloni to head the Fiat, Abarth and Lancia brands, with Olivier François overseeing the transition until mid-October. According to the consensus of surveyed analysts, the stock is trading at approximately 8.5 times expected earnings for the current fiscal year, and only 4.1 times those of the following fiscal year, which reflects the uncertainties weighing on short-term profitability.