Elis stock breaks through its support level at €24.26, among the weakest performers on the SBF 120
The circular services specialist's share is intensifying its decline mid-session, in a context where the Paris market is clearly trending downward. The break of a monitored technical level is compounded by mounting pressure accumulated over several weeks, bringing the monthly underperformance to over 5%.
Support at €24.26 breached during the session, all moving averages surpassed downward
Elis is down 2.77% at €23.84 during the session, after closing at €24.52 the previous day. The break is clear: the stock has broken through its support level at €24.26 downward and remains below it, confirming mounting selling pressure. This downward breach is significant, as this level had previously served as a floor on several occasions. The stock is now trading below all three moving averages: the 20-day MA at €24.70, the 50-day MA at €25.67 and the 200-day MA at €25.50 are all above the current price, with respective gaps of -3.48%, -7.13% and -6.51%.
This configuration reflects a bearish dynamic across multiple timeframes. The RSI at 43, without reaching the oversold zone, indicates progressive weakness without an immediate reversal signal. The resistance at €26.06 now appears distant, with a gap of more than 9% relative to the current price.
A decline that fits into a negative trend over three months, despite solid half-year results
Today's decline extends an underlying bearish trend: the stock is losing 3.72% over the week and 10.98% over three months, while annual performance remains barely positive at +1.36%. This movement contrasts with the half-year results published on July 29, 2026, which showed revenue growth of 4.9% and confirmation of all 2026 targets. Elis ranks among the biggest decliners on the SBF 120 this Thursday, in an index that itself is down 1.05% during the session.
The CAC 40 is down 1.12% for its part, illustrating an overall climate unfavorable to cyclical stocks. The next resistance level to watch remains set at €26.06, while the stock is now trading in uncharted territory below its former support, with no identifiable intermediate technical floor in the available data.
