Ferrovial SE

The stock remains in a confirmed Stage 4 decline with sequential lower highs and lower lows, sustaining medium-term downward bias despite an overarching long-term uptrend. Price is currently pulling back into declining short-term EMAs without clear exhaustion, indicating limited upside opportunity. Given neutral timing conditions, execution should be deferred, favoring trimming into any near-term rallies around resistance zones.

• ↑Q1 2026 revenue of €1.4 B rose 10.2% YoY, driven by US highways
• ↑Adjusted EBITDA grew 15% to €590 M, reflecting tight cost control
• ↓Analysts have cut earnings forecasts sharply, raising downgrade risk