Vicat's Stock Jumps Over 5% Breaking Through Its €64.80 Resistance

Vicat Breaks Through the €64.80 Resistance and Moves Above Its Short-Term Averages

Vicat's stock gains 5.26% to €66.00 during the session, marking one of the strongest rises in the SBF 120 as the broader index climbs by 1.02%. The stock crossed its technical resistance at €64.80 in the morning and has remained above this level, breaking away from the selling pressure seen at the end of May. This movement allows the cement company to significantly exceed its MM20 (€61.27) and MM50 (€62.75), with respective gaps of 7.7% and 5.2%. Only the MM200 at €66.88 remains slightly above the current price, at 1.3%, and is the next graphical reference. The RSI at 55 remains neutral, indicating that the rebound has not yet moved into the overbought zone. Over a week, the stock has increased by 9.6%, offsetting the decline seen at the beginning of June when the stock had broken through its support at €59.10. Over three months, the performance is at 7.5%, and nearly 20% over a year.

A Cyclical Rebound Backed by Easing Brent Prices and a Supportive European Market

The rise occurs in a context of significant relief in European markets, with the CAC 40 gaining more than 1% and the DAX up by 1.26%, while the VIX falls below 17 points. The easing of Brent, which drops 3.5% to $84.29 a barrel amid a framework agreement between Washington and Tehran foreseeing the reopening of the Strait of Hormuz, indirectly benefits the cement company through lower energy costs, as cement is a highly energy-intensive industry. Other cyclical stocks in the SBF 120 are also advancing in the same movement, with Imerys, Forvia, and Stellantis leading the broader index. The rebound confirms the momentum started on June 12, during a previous surge of nearly 7% which had already allowed the stock to regain ground above its short-term averages. The MM200 at €66.88 remains the next graphical level to watch to confirm the exit from the consolidation phase.