Vicat share rebounds but remains below its three moving averages

A limited rebound that fails to erase the monthly decline of 7.5%

Vicat gains 1.02% to €59.40 in trading, thus recovering some ground lost since the start of the month. Over the past week, the share is still down 4% and declines 7.5% over one month, in a context marked by soaring energy prices and a rate environment tightened by major central banks. Brent, for its part, retreats by around 2% on Monday, to just over $101 per barrel, on hopes of a diplomatic de-escalation between Washington and Tehran during the United Nations General Assembly — a relative relief for a cement sector whose production costs remain exposed to energy prices.

When publishing first-half 2026 results (July 30, 2026), the company had nonetheless raised its annual targets, aiming for growth of 7% to 9% on a constant scope and currency basis. It had, however, warned of an increase in energy costs expected to materialize more in the second half, which has weighed on investor perception of the file since summer.

A degraded technical profile, share price still well below its three moving averages

Despite today's rebound, the chart configuration remains under pressure. The share price at €59.40 is trading below the 20-day MA at €63.34 (gap of 6.2%), below the 50-day MA at €63.52 (gap of 6.5%) and below the 200-day MA at €67.10 (gap of 11.5%): the three moving averages form a technical ceiling well above the current price. The RSI at 34 reflects an early exhaustion of selling pressure, without yet reaching an outright oversold zone, particularly as the MACD remains negative with a weighing histogram.

The support at €58.80 — the level of the last close from the previous session (Friday, September 18) — constitutes the immediate lower range to monitor. From a valuation perspective, the share is trading around 8.9 times expected earnings for the current fiscal year according to analyst consensus, a level that reflects uncertainties regarding second-half margins.