Thales Shares Bounce Back 3.87% to €228.30 After a Downward Trend
Thales shares climb 3.87% to €228.30 on Tuesday mid-session, among the strongest gains in the CAC 40, which is up 0.89%. The defense electronics group is recovering ground after several tough sessions. Over three months, the decline remains significant at -12.02%.
Thales Shares Strongly Rebound and Lead in the CAC 40
The defense electronics group regains 3.87% to €228.30 by midday, marking a gain of over €8 for the session. The CAC 40 is up 0.89% at 8,058.39 points, and the SBF 120 is up 0.87%. This rebound follows a marked downward trend: on May 11, the share price had broken the €230 support level to close at €223.70. The movement is part of a tense geopolitical context, marked by Iranian statements about the Strait of Hormuz, maintaining a high risk premium. Brent crude is trading at $110.54 a barrel this morning. Over the week, the performance is up +1.47%. Over a year, the share remains down nearly 9%, and 12% over three months.
Share Price Above Support Threshold
The share price is above the support threshold at €219.40, a level approached at the beginning of the week, and has since rebounded from the lower part of the Bollinger Bands (lower boundary at €212.28), where it trades at 38% of the band. The RSI at 32 has just exited the oversold zone, which mechanically accompanies the recovery of the day. However, the medium-term configuration remains degraded. The share is below its 20-day moving average (€233.29, a gap of -2.14%), its 50-day MA (€245.52, a gap of -7.01%) and its 200-day MA (€244.69, a gap of -6.70%). The technical resistance at €270.30 remains distant. As a reminder, Thales Alenia Space, Airbus, and RADMOR signed an agreement at the end of April for a Polish defense satellite. The 20-day moving average at €233.29 will be the next graphical reference in case the rebound continues.
