Teleperformance Shares Bounce Nearly 3% in Attempt to Reclaim €53
Teleperformance shares are regaining ground in mid-morning trading, following a series of sessions marked by successive technical breaks. The rebound occurs as the stock remains heavily discounted over the year and as bearish bets continue to rise in the capital.
Technical Rebound After Breaking Support at €53.06 Last Week
Teleperformance shares are up 2.83% at €53.08 in session, after closing at €51.62 last session. The move comes just after the break of support at €53.06 last week, a level that the price is precisely trying to reclaim this morning. The stock is among the strongest risers in the SBF 120, while the broader index is down 0.23%. However, the configuration remains fragile. The price is 8.67% below its MM20 (€58.12), 12.60% below its MM50 (€60.73), and 9.53% below its MM200 (€58.67), an unfavorable alignment that reflects the bearish trend of recent weeks. The RSI at 36 is gradually exiting the oversold zone without yet confirming a reversal. Over one month, the stock is down 11.56%, and 35.16% over one year.
Bearish Bets Over 12% of Capital, Rising Over 30 Days
According to reviewed declarations, ten funds cumulatively hold 12.01% of the capital sold short, up 0.40 point over thirty days. The level, already high in absolute terms, continues to rise slowly: it reflects institutional investors maintaining a negative stance on the stock, without indicating a sudden movement of capitulation or an increase in selling pressure. This parameter should be monitored over time rather than isolated in a single session. Based on the expected earnings per share according to the consensus of surveyed analysts, the stock is trading at about 4.0 times the earnings of the current fiscal year and 3.8 times those of the next fiscal year, multiples that reflect the accumulated mistrust. The stock's ability to re-establish itself above €53.06 will be the next technical milestone to watch, before the more distant resistance identified at €75.64.
