Capgemini Shares Hit a Six-Year Low at 95 Euros, Down 35%
This Thursday, Capgemini shares plummeted to a new six-year low, reaching 95.08 euros during the session, surpassing the previous record low set on March 24th. The stock fell 1.42% from the previous day's close at 95.88 euros, amid a general downturn on the Paris stock market. The CAC 40 is down 0.87% during the session, while the SBF 120 loses 0.92%.
A Significant Technical Signal Amidst Persistent Downtrend
The drop to a new low since the Covid crisis in 2020 is a major technical signal for Capgemini. The stock is now significantly below its main moving averages: the 50-day moving average is at 114.30 euros and the 200-day at 128.20 euros, representing gaps of more than 16% and nearly 34%, respectively. This deviation indicates a bearish trend established over several time horizons. The RSI, a momentum indicator, has dropped to 30, a conventional oversold threshold. Historically, this level signals excessive selling pressure that could precede a technical rebound, although it does not guarantee its occurrence or timing. The price is also flirting with the lower boundary of the Bollinger Bands (96.33 euros), a zone that was breached during the session when touching the day's low at 95.08 euros. The monthly volatility, at 9.71%, remains high and reflects the magnitude of recent movements in the stock.
Continued Valuation Erosion Over Three Months and One Year
Over three months, the stock has declined by 32.31%, and by 35.04% over one year, illustrating a continuous erosion in the valuation of the IT services group. The past week did not reverse this trend, with an additional drop of 7.81%. Capgemini operates in a sector under pressure: for comparison, ASML Holding is down 3.47% and Prosus has lost 3.18% in the same session, confirming an unfavorable climate for European tech stocks. The next key event awaited by the markets is the release of the first quarter 2026 revenue, scheduled for April 30. This milestone will be followed by the annual general meeting planned for May 20. These events could provide new insights into the commercial trajectory of the group, at a time when the stock is trading at levels not seen in six years.
