Soitec's Stock Soars Over 300% in One Year: Will the €154 Resistance Level Break?
An Unprecedented Bullish Momentum Meeting a Key Resistance
At €154.00, the SOITEC stock gains another 1.28% during the session compared to the previous day (€152.05), bringing its increase to 37.50% over one month and an impressive 314.2% over one year. The stock is now approaching its resistance level at €154.85, a threshold that caps a recent surge: over seven days, the gain is 25.2%.
The rebound since the correction on September 14, when the stock plummeted by more than 14% marking the lowest point of the SBF 120, was swift: the breakthrough of the resistance at €146.35 on September 21, a technical threshold that had hindered several attempts in recent weeks, has restarted the momentum. The price remains well above its moving averages, at €129.42 for the 20-day MA, €117.99 for the 50-day MA, and €87.30 for the 200-day MA, confirming the strength of the underlying trend.
Fundamentals are supporting this movement: on September 2, the company raised its revenue growth forecast for the second quarter of 2026-2027 to about 50% year-on-year, driven by the acceleration in demand for its Photonics-SOI business.
After such a rally, what's the remaining potential?
The scope of the journey requires prudence in timing. With an RSI at 64, the stock is not yet in overbought territory but is approaching it, while the one-month volatility remains high at 30.47. Recent history highlights how abrupt the movements can be: the stock has alternated between jumps of more than 12% and drops of over 14% in just a few sessions.
The resistance at €154.85, now in contact with the price, constitutes the next technical test: its breach or rejection will dictate the subsequent movement.
On the corporate side, SOITEC launched a €500 million convertible bonds (ORNANE) issue maturing in 2033, along with a simultaneous placement of existing shares on September 17. The next major financial milestone will be the publication of the 2026-2027 semi-annual results, scheduled for November 18. In a market tending to regain calm (with the VIX dropping to 14.32), the investor must weigh between a fundamentally intact momentum and a stock price now hitting its technical ceiling after a spectacular rise.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
