Thales shares rebound 1.75%, still down 12% over the quarter
The defense electronics group recovers in a well-oriented Paris market. This rebound comes as the stock seeks to stabilize its trajectory after a quarter of decline, while an export order has just been announced.
A rebound that puts the stock back above two moving averages
At €232.70, Thales shares gain 1.75% intraday, while the CAC 40 rises 1.13%. The stock trades 1% above its 20-day moving average (€230.42) and 1.3% above its 50-day moving average (€229.69), two levels it had lost during the recent decline.
The 200-day moving average, at €239.94, remains 3% above the price, and the RSI at 53 signals neither excess nor loss of momentum.
The three-month decline stands at 12.1%, compared with a 6.6% gain over one month: the recent rebound has only erased part of the drop, and resistance at €238.40 constitutes the next level above the price.
A radar order for Belgium and 2026 targets confirmed
Thales announced on November 10 that it will deliver GM200 MM/C radars to Belgium for its Blue Dome shield project. This equipment is developed and produced in the Netherlands, where it is already in operational service, placing both countries on a common solution. This announcement follows the October 22 publication: on the occasion of its nine-month results, the group confirmed all its 2026 targets, with order intake of €19.1 billion (+15% organic) and revenue of €16.4 billion.
Among the risks cited on that occasion was the impact of the Middle East conflict on avionics and air traffic. No financial publication is dated today, and the stock is currently trading around the €230 level.
