STMicroelectronics stock lagging in CAC 40 standings, down 34% over three months

A decline of 1.94% that contrasts with the week's bullish momentum

STMicroelectronics is down 1.94% to €45.70 during the session, after closing at €46.60 the previous day. The decline places the semiconductor manufacturer among the biggest losers in the CAC 40, alongside Kering and just ahead of Orange in the index's decline rankings. This movement contrasts with the weekly balance sheet: the stock still shows nearly 9.4% gains over seven days, a legacy of the powerful rebound initiated on Monday. Over one month, the gain remains at 6.1%, which testifies to a real recovery after the mid-September trough.

Conversely, the quarterly correction still weighs heavily: the stock is still down 34.2% over three months, reflecting the depth of the summer correction. American peers are not sending the same signal today: Micron Technology is up 5%, Lam Research advances 2.9% and Nvidia is up 0.7%. On the European side, ASML declines slightly (-0.4%) and ASM International falls 1.5%, tempering the image of a unanimously supportive sector.

A tight technical configuration between the 50-day MA and resistance at €49.06

On moving averages, the stock is trading slightly below its 50-day MA at €46.62 (deviation of -1.98%), making this average an immediate ceiling to break through to regain constructive momentum. On the other hand, it remains well above its 20-day MA at €43.68 (deviation of +4.61%) and its 200-day MA at €40.78 (deviation of +12.1%), which confirms that the recent rebound has consolidated solid foundations in the medium term. The RSI at 54 remains in neutral territory, with no overbought or oversold signals, consistent with a breathing session after several days of marked gains.

The nearest resistance stands at €49.06, representing an upside potential of approximately 7% from current levels. The support at €41.74 provides a safety net some 8.7% below. According to the analyst consensus surveyed, the stock trades at approximately 20 times expected earnings for the following fiscal year, a multiple considerably more reasonable than at the beginning of the year, following the pronounced quarterly correction.