Constellium SE

In a Stage 4 markdown regime with price below declining 9/20/50-day EMAs and the 200-day SMA, downward momentum remains intact and recent rallies have been rejected at the 20/50-day EMA supply zone. Execute bearish entries now by selling into any bounce toward the EMA resistance levels, with close above the 20-day EMA required to invalidate the bearish stance.

• ↑Q2 revenue $2.7B (+31% YoY) driven by higher metal prices
• ↑Q2 adjusted EBITDA $439M (+200% YoY) from efficiency gains
• ↓Automotive demand in Europe remains weak, pressuring sales