STMicroelectronics Stock Dips to €37.07 Support Before Rebounding
The semiconductor manufacturer recovers at midday, as the CAC 40 trades higher. It briefly fell below a closely watched technical threshold before rising again.
A Rebound That Erases Only a Small Part of the Recent Decline
The STMicroelectronics stock gains 1.97% to €38.38 intraday and ranks among the strongest gainers in the CAC 40. This recovery barely offsets a decline that weighs 20% over one month and 8.4% over the week.
The stock even broke below its €37.07 support intraday, down to €37.02, before moving back above it. It remains well below its 20-day moving average (€41.33), 7.2% away, and its 200-day moving average (€44.38) sits more than 13% above the current price.
The decline came shortly after the publication, on October 29, of its third-quarter revenue, which rose 17.9% year on year to $3.76 billion, with earnings per share below expectations.
A Sector Recovering After a Sharp Correction
This movement is part of a broader rebound in semiconductor stocks. ASML gains 2.31% and ASM International 1.51% in today's session, but these two stocks still show declines of 18% and 25% over one month, a trajectory close to that of STMicroelectronics.
Across the Atlantic, Nvidia rose 2.78% and AMD 11.04% during Friday's session, after losses of 22% and 31% over one month.
In a market where the CAC 40 advances 0.36% and the VIX falls to 23.61, the stock is now approaching the €37 zone, testing today's support, as well as the 20-day moving average, which remains the first level to reclaim.
Among fundamental factors, the group provided revenue guidance of $14.5 billion when it published its 9M 2026 results on October 29, 2026.
