Capgemini Shares Rise 5.26% This Morning Despite a 27% Decline Over Three Months
This Wednesday morning, Capgemini shares climbed 5.26% to €107.10, buoyed by a sharp rebound in the CAC 40, which is up 4.28% during the session. This surge comes even as the stock still shows a decline of over 27% over the past three months, amid a context of significant geopolitical easing.
Ceasefire Announcement Between the US and Iran Boosts European Markets
The announcement on April 8 of a ceasefire between the United States and Iran has fueled a strong relief rally across European markets. The CAC 40 is up 4.28% during the session, and the SBF 120 is up 4.20%. In this environment, Capgemini fully benefits from the upward momentum, similar to other technology stocks: ASML Holding is up 7.47% and Prosus is up 6.88%. The prospect of reopening the Strait of Hormuz, which accounts for about one-fifth of global oil transit, helps reduce the risk premium on European assets. Despite this marked rebound, the stock of the French digital services giant remains well below its levels at the beginning of the year. Over one year, the performance remains negative at -11.05%. The release of the first quarter revenue figures, scheduled for April 30, will be an important date to assess the operational trajectory of the group in a pressured technology consulting sector.
Technical Perspective: Capgemini's Stock Approaches 50-Day Moving Average
From a technical standpoint, the price of €107.10 is approaching the 50-day moving average, located at €108.79, crossing which could signal a short-term recovery. However, the 200-day moving average remains far off at €126.53, illustrating the magnitude of the recent drop. The Bollinger Bands place the stock in the upper part of their range (upper boundary at €110.32, lower boundary at €93.56), at 81% of the interval, indicating a potential overbought zone following the rapid rise in recent days (+6.57% over seven sessions). The RSI is at 44, a still neutral level that does not confirm overheating. The next technical resistance threshold is at €109.75, very close to the current price: whether it is crossed or not in the coming sessions could determine the short-term trend.
