Atos Group Shares Drop Below €30.20 Support, Becoming the SBF 120's Biggest Loser

The stock breaks its support at €30.20 and records the steepest decline in the SBF 120

Atos Group shares fall 2.65% to €29.40 by midday, while the SBF 120 is up 0.25% and the CAC 40 has risen by 0.22%. The stock has breached its €30.20 support level during the session and is now significantly below this threshold, in a Paris market otherwise buoyed by rebounds in luxury and tech sectors. The weekly decline deepens to nearly 11%, with a three-month performance showing a drop of 21%. The IT group now lags at the end of the SBF 120, marking the largest decline of the broad index during the session.

A deteriorated technical signal, with an RSI at 28 indicating strong overselling

The break of the support is accompanied by a drop below the three key moving averages: the price is below the MM20 at €33.06 (a gap of 11%), the MM50 at €36.15, and the MM200 at €42.96, the latter remaining more than 31% above the current price. The RSI has dropped to 28, in a zone of marked overselling, reflecting the exhaustion of buyers in recent sessions. The overall context remains challenging for the group, following the launch of the Atos MogwAI platform on July 7 and the announcement of the complete refinancing of its 1L debt, also announced on the same day. According to the consensus of surveyed analysts, the stock is trading at about 9.4 times the earnings of the current fiscal year. The next resistance to watch remains at €36.64.