Stellantis Shares Hit New Multi-Year Low and Stand Out in the Red
The Italian-American manufacturer records a new multi-year low during the session, extending a slide that began several weeks ago. The stock is in the red while the CAC 40 makes gains, indicating a specific weakness in the stock.
A New Five-Year Low at €4.83 Weighs Further on the Stock
Stellantis shares fell 0.37% to €4.8725 at mid-session, after touching €4.83 in the morning, its lowest level in five years. The stock thus extends the downward spiral that began in mid-June, even as the CAC 40 gains 0.26% and the SBF 120 advances 0.32%. The stock now shows a loss of 28.94% over one month and 44.71% over one year, contrasting with a Parisian index that is up during the session.
The slide contrasts with the trajectory of Renault, which also fell by 1.78% today, suggesting a broader fragility in the French automotive sector. On the fundamentals side, the last public update remains the strategic plan presented at the end of May in Auburn Hills, already commented on in early June. According to the consensus of analysts surveyed, the stock is trading at about 5.9 times the expected earnings for the current fiscal year and 3.3 times those of the next fiscal year.
An RSI at 29 and a Price 20% Below its MM20
The stock is significantly below all of its moving averages, with a gap of 20.64% below the MM20 at €6.14 and 36.80% below the MM200 at €7.71. The RSI has dropped to 29, in the oversold zone, indicating seller exhaustion without signaling a reversal. The support at €5.27 identified in the technical data has already been breached, with the price now significantly below, leaving few intermediate chartist landmarks before new lows.
The next resistance is at €7.02, more than 44% above the current price, illustrating the magnitude of the recovery path. The next concrete appointment for investors will be the publication of the half-year results scheduled for the summer, which will need to provide clarity on the operational dynamics of the group.
