Capgemini Shares Drop 3.4% and Break Below Support at €96.70

Capgemini Shares, the Laggard of the CAC 40, Break Below Support at €96.70

Capgemini shares fell 3.43% to €96.18, ranking last in the CAC 40 even as the index rose by 0.80%. The contrast is stark: STMicroelectronics, ArcelorMittal, and LVMH are pulling the index upwards, while the digital services group lags at the bottom with Dassault Systèmes. During the session, the stock broke below its long-identified support level of €96.70 and remains below this threshold. The movement extends the slide that began the previous day when the stock had already dropped below €100. Over a month, the decline reaches 6.72% and widens to 8.4% over three months, in a context where the annual loss is close to 37.5%.

Technical Configuration Deteriorates After the Presentation of the 2028 Roadmap

The decline occurs with a technical reading unanimously oriented downwards. The price is now 5.35% below its 20-day moving average (€101.95) and remains nearly 19.3% under its 200-day average (€119.56), indicating a heavy underlying trend that has not been reversed by recent rebounds. The RSI at 47 remains neutral, currently sending no signals of selling exhaustion. The session backdrop does not help: the VIX jumps 9.2% to 20.66 following a U.S. inflation report showing a 4.2% annual rate in May, and major U.S. indices are pointing downwards. In terms of valuation, the stock is trading at approximately 7.5 times the earnings expected for the current fiscal year, according to consensus among surveyed analysts. On the fundamental side, the group unveiled its strategic roadmap for 2028 on May 27, centered around agentive AI, targeting an annual growth between 5.5% and 7.5% for 2025-2028. Below the €96.70 support, attention now shifts towards the stock's ability to recover in this zone.