Vusion Stock Bounces Back Nearly 16% in a Week, Surpassing a Technical Milestone
The Nanterre-based specialist in connected electronic labels continues its recovery mid-morning, in a well-oriented Parisian market. The stock ranks among the strongest gains in the SBF 120, as selling pressure has significantly decreased over the past month.
Vusion Moves Above its 50-Day Moving Average, Targeting the €134 Mark
Vusion's stock is up 2.36% at €130.00 during the session, following a 0.66% rise in the SBF 120. The stock has moved above its 50-day moving average (€128.53) and ranks among the strongest gains in the index. This progression extends a weekly rebound of nearly 16%, following the break of the support at €117.40 on June 24. The 20-day moving average at €134.29, however, remains 3.19% above the current price and marks the next resistance zone. The RSI at 37 indicates the exhaustion of selling pressure observed since mid-June, without yet moving into a decidedly bullish configuration. Over three months, the performance remains positive at 17%, while the 200-day moving average at €169.32 highlights the extent of the medium-term decline.
Short Positions Significantly Retreat Over Thirty Days
According to reviewed statements, seven funds cumulatively hold 5.14% of the capital sold short, a high level but down by 1.62 points over a month (from 6.76% thirty days ago). This decline reflects a gradual covering of short positions, consistent with the stock's rebound since mid-June. The level remains significant, however, indicating that institutional investors are still positioned against the stock, a point to monitor without overinterpreting given the ongoing decrease. On the fundamentals side, the company recently announced two commercial developments: the expansion of its partnership with Jysk on June 16, and a contract with Turkish retailer Gratis on June 23 for 2 million labels. The €134 zone corresponding to the 20-day moving average is the next technical marker to watch.
