STMicroelectronics share breaks through its 41.41 € support level, at the bottom of the CAC 40
The semiconductor manufacturer remains close to equilibrium during the session, but the breach of a technical threshold, the second notable move of the week, draws attention. It occurs in a sector still under pressure, while the Paris index advances.
Support broken and moving averages above the price after a week of decline
During the session, the STMicroelectronics share broke through its 41.41 € support level and is trading at 41.38 €, virtually stable on the day (-0.07%). The price is below the 200-day MA at 42.85 € (gap of -3.43%), a threshold it has just lost. It is also below the 20-day MA (46.37 €) and the 50-day MA (45.32 €), in a configuration consistent with a decline of 13.76% over the week.
This pullback extends the 6.5% drop recorded on Thursday, as European semiconductor stocks underwent a global technology correction. The share occupies the bottom of the index ranking, at 31st place out of 40, while the CAC 40 gains 0.4%. Over three months, the loss stands at 29.72%, while the annual gain remains 67.36%.
American peers declining and French bond market under pressure
The sector remains oriented downward across the Atlantic: Micron declines 3.35%, AMD 3.53% and Lam Research 1.78%, while Nvidia retreats 0.62%. In Europe, ASML advances 1.2% and ASM International weakens 0.18%. The Supervisory Board requested the reappointment of the chief executive, with a shareholder vote scheduled for 2027.
On the market side, the 10-year OAT is at 4.74% according to the latest survey by the Banque de France on October 15, with a spread of 1.35 points against the Bund, while the National Assembly continues examining the 2027 budget. The next technical level in sight remains the 41.41 € support now broken, with resistance at 52 € far above the current price.
