Thales Shares Lag as CAC 40's Biggest Loser, with the €230 Support in Sight
Thales shares fell by 1.95% to €231.30 in mid-morning trading, marking the steepest decline in the CAC 40, which itself dropped by 0.82%. The defense electronics group thus erased the 2.2% rebound recorded on Wednesday. The general assembly is scheduled for May 12.
Biggest Drop in CAC 40 During the Session
With a decline of 1.95% to €231.30, Thales holds the last position in the CAC 40 in mid-morning trading. The group is closely followed by BNP Paribas (-1.88%), EssilorLuxottica (-1.87%), and Hermès (-1.85%), in a Parisian index that is down by 0.82%. This session breaks with the upward movement seen at the beginning of the week, when the stock had regained 2.2% to €241.50 amid a general rebound in the market. Over three months, the stock now shows a decline of 6.39%, and 7% over one year. The beta of -0.14 confirms the stock's historical disconnection from the benchmark index. The short-term agenda is dominated by the general assembly on May 12, the next event on the financial calendar.
€230 Support Within Immediate Reach
The share price is very close to its technical support identified at €230.10, which is less than 1% below the current level. A break below this zone would pave the way to the lower Bollinger bands at €217.41. The stock remains well below its moving averages: the MM50 is at €249.62 (7.9% above the current price) and the MM200 at €245.13 (5.9% above). This setup confirms the medium-term bearish momentum, already noticeable during the support test at €237.90 at the end of April after a drop of 11% in one week. The RSI at 41 remains neutral, without a clear oversold signal. The technical resistance set at €270.30 now appears more than 16% distant. The holding of the €230 threshold will be a factual observation point in the coming sessions, four days before the general assembly.
