Technip Energies shares rebound and move back above their 20-day moving average

A rebound that moves back above the twenty-day moving average

The Technip Energies share gains 2.34% to €30.66 in the session, placing it among the strongest gains of the SBF 120 for the day. The rebound crosses the MA20 at €30.21, with a gap of +1.49% above this moving average, demonstrating a return of short-term momentum. Conversely, the share remains well below its MA50 at €32.51 (gap of -5.69%) and its MA200 at €34.23 (gap of -10.43%), two levels that illustrate the depth of the decline accumulated over recent months.

The RSI at 40 remains oriented downwards without reaching the oversold zone, while the MACD histogram has just crossed slightly into positive territory at 0.04, signaling an easing of selling pressure. The resistance threshold at €34.36 represents a gap of more than twelve percent compared to the current price. Brent, for its part, declines 6.53% during the session to $86.15 per barrel, an environmental factor to monitor for a group directly exposed to the oil equipment sector.

A share under pressure since the half-yearly publication on July 30, despite record order backlog

The session's recovery must be placed within a still unfavorable quarterly trajectory: the share has lost more than 10% over one month and nearly 18% over three months. The half-yearly results published on July 30 had revealed marked pressure on profitability: recurring EBITDA had declined 33% to €212 million, with margins contracted by 300 basis points to 5.8%, despite an order backlog brought to a record level of €25 billion thanks to €12.7 billion in new orders won. This contrast between commercial momentum and margin pressure had generated a decline of more than 11% during that session. Over one year, the share is still down 24.3%.

In this context, the resistance at €34.36 constitutes the next reference level to observe to assess the scale of a potential recovery. Analysts' opinions remain mixed on the value, as evidenced by the divergences noted during results publications.