Elis Shares Drop 3.5% and Stumble at €28.22 Resistance
The circular services specialist marks a clear halt during the session, after several weeks of continuous rise. The stock attempted to break through its resistance before sharply retreating, in a Parisian market that was otherwise trending upwards.
A Clear Rejection at the €28.22 Resistance after an Attempt to Break Through
Elis shares fell 3.55% to €27.14, while the SBF 120 gained 0.21%. The session started on an aggressive note: the stock broke its resistance at €28.22 intraday, reaching a high of €28.24, before falling back below this threshold and turning red. This technical false start occurred at tense levels, with the RSI at 68 indicating a configuration close to overbought after several weeks of progress.
The price remains above its three moving averages, with a 7.02% gap over the MM200 at €25.36, which preserves the underlying bullish trend despite today's correction. The weekly decline now stands at 1.09%, but the three-month performance remains positive at 8.21%.
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Today's movement comes after a particularly intense period for the group. On July 3, Elis had finalized the acquisition of ServBrazil, a month after purchasing the Catalan laundry RS10. On the same day, the stock had soared nearly 5% and was targeting the €29 mark.
Today's session erases part of this rally without questioning the medium-term trajectory, with the stock still up 11.05% over the year. Unlike Elis, the SBF 120 is driven by consumer stocks, with Rémy Cointreau, Pernod Ricard, and Carrefour leading. A sustained breakthrough of the €28.22 resistance remains the next technical milestone to follow to validate an extension of the bullish movement.
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Context
Period
Period: 1T2026
Key reported figures
Revenue: 1180.5M€
Guidance from the release
Elis enregistre un début d’année 2026 solide, en ligne avec nos attentes.
Chiffre d’affaires du 1er trimestre en croissance de +4,3%.
Risks mentioned
Pas d’impact significatif du contexte géopolitique sur l’activité.
Baisse temporaire de la fréquentation hôtelière au début du conflit en mars.
Opportunities identified
Augmentation marquée du nombre de signatures de nouveaux contrats.
Croissance organique proche de 10% en Amérique latine.
Pipeline d’acquisitions prometteur pour le reste de l’année.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
