Vusion Shares Drop 4% Breaking Support at €117.40
The Nanterre-based electronic label specialist drops in early afternoon, contrary to a slightly rising Parisian market. The stock loses ground during the session and breaks a technical threshold monitored for several weeks. Selling positions remain high on the stock.
Break of Support at €117.40 After Nearly 14% Drop Over the Month
Vusion falls 4.14% to €113.60, while the SBF 120 gains 0.17%. The stock has broken its support at €117.40 during the session and remains below it, sealing the break of a level that had served as a floor since the end of May. The decline brings the drop to nearly 14% over a month and over 10% over the week, as the stock sheds more than 56% over the year. The downturn is accompanied by a clear degradation of short-term indicators. The price is now well below the MM20 (€134.29) and MM50 (€128.53), with a gap of around 15% from the former, while the MM200 at €169.32 confirms a negative medium-term orientation. The RSI at 37 is approaching the oversold zone without yet being there. The next area to watch is the lows of May, after the break of a support that did not hold during the session.
High Selling Positions Despite Slight Easing Over Thirty Days
According to reviewed statements, eight funds accumulate a net short position of 6.04% of the capital, a level that remains high for an SBF 120 value. However, this total has decreased by 0.80 point over a month, indicating a gradual lightening of bearish bets without a trend break. This residual selling pressure illustrates the caution of some institutional investors about the file, but does not reflect a recent rush to sell. The decline of the day follows the announcement of a new contract in Turkey, with the deployment of 2 million electronic labels in 300 Gratis stores. This commercial advance, which extends the group's penetration in the EMEA region, was not enough to halt the technical degradation. The session leaves the stock on the break of its support at €117.40, a reference level to watch for the coming sessions.