Stellantis Shares Rise by 2.26% but Remain Down 47% Year Over Year
Stellantis NV shares rose by 2.26% this Wednesday midday to €5.979, following a 1.32% increase in the CAC 40 index during the session. This rebound comes after a significant decline in the stock over the past three months, with an underperformance of 36.54% over this period. The automaker's annual general meeting scheduled for April 14, and the first quarter results due on April 30, are the next key events to watch.
Current Trading Session
Stellantis NV shares are trading this Wednesday at €5.979, up 2.26% compared to yesterday's close of €5.85. This movement is part of a generally positive session for the Paris market, with the CAC 40 up by 1.32% and the SBF 120 gaining 1.36%. The geopolitical de-escalation between Washington and Tehran, which occurred on March 23 with the postponement of American strikes and the resumption of dialogue, has helped to ease tensions that had weighed on European markets at the beginning of the week. Despite this rebound, the medium and long-term trajectory remains degraded for the automaker's stock. Over one year, the stock has declined by 47.19%, and the loss reaches 36.54% over the last three months. The weekly gain of 1.82% remains modest in light of the significant accumulated decline. During the session, other industrial stocks listed in Paris also posted notable gains, such as Schneider Electric (+2.73%) and Airbus (+1.71%).
Technical Analysis Perspective
From a technical analysis standpoint, Stellantis' stock price remains significantly below its 50-day and 200-day moving averages, which are located at €7.00 and €8.28 respectively. This significant gap reflects a fundamental bearish trend that has not yet reversed, and the day's rebound is not sufficient to close the gap with these reference levels. The 20-day moving average at €6.07 is the first technical threshold to cross for a short-term recovery. The RSI, a momentum indicator measuring the relative strength of the stock, is at 40, a level that remains weak but does not yet indicate extreme overselling. The identified technical support is at €5.53, while the major resistance is positioned at €6.94, close to the 50-day moving average. The upcoming financial publications, with quarterly results expected on April 30, could provide elements likely to alter the current configuration of the stock.
