OVHcloud Stock Rises 5% Aiming for Resistance at €12.34
OVHcloud's stock accelerates in mid-morning, gaining 5.03% to €11.90 in a well-oriented Parisian market (CAC 40 +1.6%). The increase brings its weekly performance to 15.31% and the three-month performance to 22.87%. The price is now very close to its resistance level at €12.34.
Movement Backed by Tight Technical Signals
OVHcloud breaks out from the upper Bollinger bands: at €11.90, the price exceeds the upper limit set at €11.73, indicating an overbought configuration. The RSI at 68 confirms the buying pressure without crossing the classic threshold of 70. The stock is significantly above its 50-day and 200-day moving averages, both at €9.46, illustrating a trend break from the regime of recent months. The resistance at €12.34 is now the short-term reference level, after a nearly 23% rise since the beginning of February.
European Contract and Financial Calendar as Background
On the fundamental side, the group was selected on April 20 in a consortium for a sovereign cloud contract worth €180 million over six years awarded by the European Commission. During the semi-annual publication in early April, OVHcloud confirmed its annual targets: organic growth between 5 and 7%, an adjusted EBITDA margin higher than the previous year, and positive Levered Free Cash-Flow. The adjusted EBITDA margin had reached 40.9% in H1 2026, the highest level since the IPO. The schedule for the coming weeks is busy: UBS conference on May 13, Bernstein conference on May 21, then CIC on June 9. The next financial milestone is the publication of the fiscal third-quarter revenue, scheduled for June 25.
