Atos Group stock among the strongest declines on the SBF 120, RSI in extreme oversold
In a slightly positive SBF 120 this Tuesday, Atos Group stands out as an exception on the downside, continuing a deterioration that now extends well beyond today's trading session. The information technology and cybersecurity services group is announcing new contracts in the public sector, yet failing to halt a stock market decline that has accumulated more than a quarter of its value lost in the past month alone.
A decline of 1.76% in an index showing slight gains, among the strongest declines on the SBF 120
Atos falls 1.76% to €21.22 during the session, while the SBF 120 advances 0.22% and the CAC 40 rises 0.20%, placing the stock among the strongest declines in the index. Over one month, the fall reaches 26.83%, and over three months, the decline exceeds 35%. The technical chart remains severely deteriorated: the price is trading well below the 20-day moving average (€25.03, a gap of -15.22%) and the 50-day moving average (€28.03, a gap of -24.30%), both averages exerting persistent downward pressure.
The RSI at 21 signals an extreme oversold zone, consistent with a selling movement extending over several weeks without any tangible sign of exhaustion. The theoretical support at €21.60 has been broken, leaving the next resistance at €29.04, representing a gap of more than 36% from the current price. Following the publication of its first-half 2026 results on July 30, the company announced organic revenue growth of -5% and an operating margin of 7% of revenue.
Net short positions increase sharply, despite a flow of contracts in the public sector
According to filed disclosures, four funds hold 3.22% of Atos Group capital in net short positions, a level that has increased by 1.42 points in thirty days (compared to 1.80% a month ago). This acceleration of the bearish bet, at a pace that goes well beyond a simple technical adjustment, reflects institutional pressure that is intensifying week after week. Recall that short positions had already increased sharply over one month, drawing a downward dynamic established over time.
In parallel, the group is nonetheless continuing its commercial development: the Île-de-France Region has put into production the e-GF platform intended to manage a budget of nearly 5 billion euros, and the group has placed the direction of its Middle East and Turkey operations under Paul Potgieter, recruited for his twenty-four years of experience in international technology projects. These corporate announcements are not sufficient, for the time being, to modify analysts' views on the stock's market trajectory, which remains subject to rising institutional selling pressure.
