Thales Shares Surge Nearly 5%, Marking One of the Top Gains in the CAC 40

The Stock Crosses its 50-Day Moving Average and Approaches the 200-Day Moving Average

Thales stock is up 4.66% at €240.10 mid-morning, placing it among the strongest gains in the CAC 40, with the index itself down 0.17%. ArcelorMittal (+8.92%) and Airbus (+4.73%) occupy the first two spots, in a session favorable for cyclical sectors and European aerospace-defense. Today's progress brings the weekly gain to 4.71%, while the three-month performance remains negative at -11.48%.

The rebound brings the price above the MM20 (€231.73) and MM50 (€234.86), with respective gains of +3.61% and +2.23%. The MM200, at €244.94, is still 1.98% above the current price and represents the nearest technical hurdle. The RSI at 43 remains neutral, leaving room before a potential overbought configuration could occur.

June's Slide Eases, Upcoming Statistical Meeting on European Defense

Today's movement extends the recovery that began after breaking the support at €219.40, crossed at the end of June. The downward trend in early June, linked to geopolitical easing in the Middle East and the erosion of the defense premium, gives way to a rebalancing: the monthly gain now stands at +2.57%, and the performance over a year is nearly back to even (-0.17%). The European context also plays a role: massive Russian strikes on Kyiv overnight from July 1 to July 2, with more than 70 missiles and about 500 drones according to Ukrainian authorities, maintain a geopolitical risk premium on the continent, while Volodymyr Zelensky calls for new anti-aircraft defense systems from Western allies.

Graphically, the €244.94 zone, corresponding to the MM200, will be the next threshold to cross to confirm a lasting exit from the correction phase. The identified resistance at €270.30 remains distant.