VINCI Shares Drop 1.4% to €122.90, Testing Its 200-Day Moving Average

The Stock Tests Its 200-Day Moving Average at €123.70 Amid Selling Pressure

The share price is at €122.90, which is 0.65% below the 200-day moving average set at €123.70. Shorter averages remain significantly higher: the 20-day at €129.62 and the 50-day at €130.12, both over 5% above the current price. The RSI at 40 indicates the accumulated erosion over three months (-10.52%), without reaching the oversold zone. The Bollinger Bands now frame the stock in their lower part: the lower boundary is at €122.59, only 0.25% from the current price. The identified support threshold coincides with the last closing at €124.65, already breached during the session. The resistance was identified at €137.50, unreachable in the short term. VINCI ranks in the lower half of the CAC 40 this Monday, while the construction sector is also represented by Bouygues (-1.29%) and Eiffage (-1.07%).

Brent Above $110 and Record Order Book in the Background

Brent crude is trading above $110 this Monday, up 50% since the end of February amid the war in Iran and traffic restrictions in the Strait of Hormuz. The yield on the 10-year OAT is rising in parallel, which increases financing costs for heavily indebted infrastructure groups. As a reminder, the group's order book reached a record €74.9 billion at the end of March 2026. The first quarter revenue was stable at €16.3 billion, with an organic contraction of 0.5%. Since then, the Construction subsidiary has secured a €364 million contract in the Czech Republic, another €200 million in New Zealand, and VINCI Energies has signed for €192 million in Guinea. The building sector remains unfavorable in France: the construction climate fell to -18 in April, housing permits over twelve months are down 2%, and Public Works activity has dropped 6.3% over three months according to the FNTP. The next financial meeting is scheduled for July 29, 2026, with the first half results.