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BASF reported third-quarter results and raised its full-year EBITDA outlook. The stock is up 1.3% on the day at €52.84.
BASF reported its third-quarter 2026 results, offering a webcast, presentation materials, executive remarks, and a detailed Q&A transcript for investors. The company exceeded earnings and revenue expectations for the quarter, according to GuruFocus. BASF also raised its full-year 2026 EBITDA guidance. Among market analysts, 40 rate the stock a buy while 20 recommend selling.
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Price is sitting right at resistance from the weekly high at €52.86 without clearing it. Shares of BASF remain above the MA-20, MA-50, and MA-200, which keeps the daily chart structure bullish. Stoch RSI is currently in oversold territory, a stretched reading that limits room for further downside.
Traders should watch whether price can close above €52.86 to determine if buyers are willing to sustain the move. Price is testing resistance from the weekly high at that level without making a clear breakout. The past week has seen a contained move within a narrow range, but from here, the upside probability rises to more than 80% over the coming trading week, while the downside probability is less than 20%, with an expected trading range of €52.08 to €53.59. A close above the weekly high would confirm buyer acceptance, while a drop below €51.96 would show that the move is being faded. On the weekly chart the longer-term picture stays firmly constructive.
Previously it was reported that BASF benefited from regional trade shifts and supply disruptions, leading the company to upgrade its earnings outlook amid a challenging sector environment. The current technical backdrop underscores the importance of the €52.86 resistance, with a confirmed breakout above this level likely to set the tone for the next directional move.