Trigano share retreats and falls below its 20-day moving average
The motorhome manufacturer is losing ground this Wednesday in an already downward-trending market, ranking among the most penalized values in the broader index. The decline occurs in a tense geopolitical context, as military escalation between Iran and the United States around the Strait of Hormuz weighs on all European markets.
A decline of 2% that brings the share below its 20-day moving average
Trigano loses 2.19% during the session at 151.80 €, compared to a closing price of 155.20 € the previous day. The share thus falls below its 20-day MA at 153.96 €, with a gap of -1.40%, while remaining above its 50-day MA at 149.41 €. It is the latter that now constitutes the immediate technical floor, at approximately 1.60% below the current price.
The RSI at 60 remains in the neutral-high zone, showing no overbought configuration: today's decline reflects rather a movement back toward the average than a trend reversal. The support at 145 € remains distant, while the resistance at 158.80 € had been tested without being broken in recent weeks. With monthly volatility at 8.99% and a decline limited to 4.11% over three months, the share is evolving within a range of relative consolidation since the spring peak.
CIC Market Solutions maintains its buy recommendation with a target price of 195 €
Despite today's decline, the analysts' view remains favorable on the stock. CIC Market Solutions confirmed on September 1st its buy opinion on Trigano, with a target price maintained at 195 €. At the current price of 151.80 €, this target represents an upside potential of nearly 28%.
This fundamental context contrasts with today's pressure, which is part of a broader decline: the CAC 40 loses 0.45% during the session and the SBF 120 retreats by 0.46%, in a climate weighed down by rising tensions in the Middle East. Military escalation between Tehran and Washington, with reported strikes in Jordan, Iraq and Bahrain on September 2nd, is generating a spike in market volatility, with the VIX rising more than 10% during the session. Trigano, whose activity is centered on motorized leisure in Europe, is not directly exposed to these tensions, but is suffering from the risk aversion affecting the entire SBF 120.
