Thales shares rebound but remain down 15% over the quarter
The defense electronics group rebounded intraday in a Paris market that is recovering. This rebound follows several weeks of decline, while the stock remains below its three moving averages.
A rebound that leaves the stock below its three moving averages
Thales shares rose 1.31% to €224.60 intraday, in the first half of the CAC 40, where the stock ranked seventh among gainers, while the index gained 0.36%. This gain barely offsets a 4.71% decline over the week and a 15.18% decline over the quarter.
The share price remains below the MA20 (a gap of -2.19%), the MA50 (-2.23%), and especially the MA200, which sits 6.43% higher.
The RSI at 44 remains neutral: it signals neither selling exhaustion nor buying momentum, which is consistent with a recovery that is still fragile following the session of November 4, when the stock closed at the bottom of the CAC 40.
2026 targets confirmed after nine months of strong orders
On October 22, Thales reported order intake of €19,122 million over nine months, up 15% organically, on revenue of €16,422 million. The group confirmed all of its 2026 targets, citing in particular the momentum in space with the IRIS² constellation and demand in naval and air defense.
Among the risks mentioned on this occasion were the impact of the Middle East conflict on avionics and air traffic. On November 2, the subsidiary AAC also won a US Navy contract worth up to $196.2 million, including options. On the chart, the support at €215.70 lies approximately 4% below the current price.
