Wendel share abandons the 80 € threshold and posts -8% decline over one month

A decline of 2.3% that pushes the share below its three reference moving averages

Wendel loses 2.3% to 78.55 € during the session, erasing the rebound observed last Friday above 83 €. The share is now trading clearly below its three moving averages: the 20-day MA at 83.31 €, the 50-day MA at 84.51 € and the 200-day MA at 83.65 €, with gaps ranging between 5.7% and 7%. This triple positioning below its medium-term benchmarks reflects a bearish trend that has been established for several weeks: the monthly decline reaches 8.08%, while the one-year decline stands at 3.62%.

The RSI at 36 signals a configuration close to oversold conditions, without reaching an extreme threshold. The former support level at 80.40 €, now above the current price, constitutes the first resistance to overcome for any return towards the moving averages zone.

A weighing macro context: OAT at 4.75%, budgetary uncertainty and ongoing share buyback

Wendel's decline is part of a session marked by unprecedented tension in French debt. The 10-year OAT is approaching its highest level since July 2008, at 4.86% according to the October 1, 2026 reading, while the spread with the German Bund reaches nearly 1.30 percentage points, at its highest level since 2012. The examination in the Council of Ministers of the State and Social Security budget projects for 2027, in a context of a fragmented Parliament, is fueling concerns about the trajectory of French public finances.

For Wendel, an investment company whose portfolio includes Bureau Veritas, Scalian and Tarkett, this context is weighing on all financial securities listed in Paris. In parallel, the 340 M€ share buyback program announced in June 2026 remains active, executed at approximately 11% as of July 31 last, which offers limited mechanical support to the share. When publishing first-half 2026 results on July 30, the group had confirmed its objective of more than 200 M€ of pro forma FRE for the year.