FDJ United Shares Hit Lowest Since Covid Crash, Below €21

A New Historical Low Broken Below the Covid €20.64

FDJ United shares fell by 2.9% to €20.78 in early afternoon trading and touched €20.61 during the session, breaking for the first time the floor of €20.64 reached during the stock market collapse of March 2020 amid the health crisis. The downward breach of the €21.40 support, already tested at the end of May, accelerates the slide that began in the spring, with the stock down nearly 17% over three months. The RSI dropped to 26, indicating seller exhaustion in this sequence, as the price moves more than 15% below its 200-day moving average. The stock is among the lowest in the SBF 120, an index itself down by 0.82%.

Bearish Bets Remain High Despite Slight Pullback Over a Month

According to reviewed statements, five funds hold a net short position of 7.24% of FDJ United's capital, a high level that reflects a sustained selling stance on the stock. This aggregate has slightly decreased by 0.44 point from 7.68% over a month, indicating partial coverage without a real trend reversal. This context of distrust should be monitored carefully: it reveals a cautious view from institutional investors, without necessarily indicating a sudden shift.

Regarding valuation, the stock is trading at approximately 8.8 times the expected earnings for the current fiscal year according to the consensus of surveyed analysts, with an expected earnings per share growth of 14.7% next year. The company also joined the S&P Global Sustainability Yearbook on June 24, with a CSA score of 55. The €20.64 support inherited from the health crisis becomes the next chartist reference.