Thyssenkrupp’s stock futures surge past €9 as momentum builds
Thyssenkrupp’s stock futures have shown renewed strength, climbing above key technical levels this week. On Thursday, shares rose by 2.1%, reaching €9.24—a price point the company had struggled to hold in recent sessions. The upward move has drawn attention to the stock futures’ potential for further gains.
The stock futures’ recovery comes as it trades above its 100-day moving average, a level now acting as support. Analysts note that the 200-day average sits at €7.25, well below the current price, reinforcing the view of upside momentum. If shares push toward €10, technical analysts suggest it could shift the stock market’s longer-term outlook.
Meanwhile, Thyssenkrupp Nucera, a division focused on green hydrogen, has also seen rising investor interest. This has added to the broader positive sentiment around the conglomerate’s performance.
Despite the gains, legal challenges have emerged. Salzgitter, Thyssenkrupp’s partner in the HKM joint venture, recently launched legal action against the company. The dispute has raised concerns but so far has not disrupted the stock futures’ upward trajectory.
Thyssenkrupp’s stock futures now stand firmly above €9, with €10 marked as the next critical threshold. The absence of downward pressure from support levels suggests consolidation at higher prices. Investors will be watching whether the legal dispute with Salzgitter impacts future movements.
