Touax stock plunges 11% and hits a 5-year low
The transport asset leasing group recorded its sharpest decline in several months on Thursday, following the publication of disappointing half-year results the previous day. The stock is marking a new multi-year low, far from its moving averages.
A five-year low breached following notably deteriorated half-year results
The Touax stock loses 11.17% in trading, to €3.42, after touching €3.24 during morning trading, marking a five-year low. The previous low for this period stood at €3.38, reached on January 28, 2025. This drop comes in the wake of the publication, on September 16, 2026, of first half-year results: revenues fell 13% year-over-year, and the group posted a net loss of €4.2 million.
The decline affects all transport asset leasing operations. Over the week, the stock has already lost nearly 15%, and its decline reaches 23.4% over three months, reflecting selling pressure that had built well before this publication. For context, the CAC 40 is up 0.2% in trading, illustrating the marked divergence between the stock and overall market trends.
Three moving averages broadly surpassed to the downside, RSI neutral despite the scale of the decline
Touax's stock price is now trading well below all of its moving averages: it is trading 11.86% below the 20-day MA (€3.88), 13.85% below the 50-day MA (€3.97), and 16.99% below the 200-day MA (€4.12). This configuration, where the three moving average levels form a resistance ceiling well above the price, reflects a fundamental downward dynamic across different timeframes. The support level identified at €3.77 was also breached during trading, reinforcing downward technical pressure.
The RSI, at 45, remains in neutral territory despite the amplitude of today's decline, signaling that the selling momentum has not yet produced an extreme oversold signal. The next level to watch is resistance at €4.00, now approximately 17% above the current price.
