Sopra Steria Shares Drop 2.1% to €135.10 After a 20% Rally in 15 Days
After a spectacular rise of over 20% in two weeks, Sopra Steria's stock takes a breather this Monday. In early afternoon trading, the share is down 2.1% at €135.10, in a declining Paris market (CAC 40 -1.17%, SBF 120 -1.06%). The stock is currently positioned midway between its support at €112.50 and its resistance at €141.80.
A Technical Pause After Post-Publication Rebound
The Sopra Steria stock is retracting after a bullish sequence that began in late April, following the publication of the quarterly revenue. The price remains well above the MM20 (€127.94, a +5.60% deviation) and the MM50 (€125.30, a +7.82% deviation), confirming the short-term momentum. However, the MM200 at €143.80 remains above the current price (a -6.05% deviation), indicating a persistent negative long-term trend, with the stock down -28.93% over the period. The RSI at 61 remains neutral and does not indicate any overheating. Today's decline brings the stock into the upper part of the Bollinger Bands (70%), without testing the upper limit at €146.01. The resistance at €141.80 was breached last week (price at €144.80 on May 6).
Increase in Short Sellers and Discounted Valuation
Net short positions reported to the AMF have reached 3.07% of the capital, up by 1.25 points over thirty days. Four funds have declared positions, including AKO Capital and Marble Bar Asset Management at 1% each. This selling pressure contrasts with the stock's discounted valuation: based on the consensus of nine analysts (updated on May 6, 2026), the stock is trading at approximately 7.6 times the earnings expected for the current fiscal year, compared to an average of 23.4 times for the technology sector. The growth in earnings per share expected from one year to the next is estimated at +7.2%. The next key date in the financial calendar is the shareholders' general meeting, scheduled for May 20, 2026, followed by the publication of the half-year results on July 29.
