Atos share breaks through 23.50 € and hits a new low, short positions doubled in one month
The IT services group stock is losing ground in early afternoon trading, amplifying a decline that is becoming entrenched over time. The breach of a key technical support level during the session weighs on an already significantly deteriorated configuration, while short positions have progressed markedly over one month.
A support level breached to the downside and technical indicators in marked oversold territory
Atos Group is down 2.18% at 23.38 € during the session, after breaking through its 23.50 € support level without managing to recover. The stock is thus trading below this level, extending a deep downward sequence: the loss over one month exceeds 19%, and the decline over three months reaches 32.23%. The gap with moving averages remains considerable: the price stands 10.90% below the 20-day MA at 26.24 €, and 18.68% below the 50-day MA at 28.75 €, two resistance levels that have progressively moved away from the current price.
The RSI at 27 reflects a pronounced oversold configuration, without triggering a lasting rebound for several weeks. The CAC 40 is declining 0.34% during the session and the SBF 120 is down 0.35%, such that Atos' movement is part of a downward-oriented market, but with a significantly greater amplitude than that of the index. The stock is among the steepest declines of the SBF 120 this Wednesday.
Short positions up sharply over one month, against the backdrop of cautious guidance for the first half
According to reported declarations, four funds cumulate 3.00% of Atos' capital sold short, compared to 1.80% thirty days ago, representing an increase of 1.20 percentage points over the period. This increase of more than two-thirds in one month reflects a marked rise in pressure from investors positioned to the downside on the security. Even if this level, taken in isolation, does not presage further acceleration. On the fundamental front, upon publication of first-half 2026 results on July 30, 2026, the group was targeting organic revenue growth of approximately -5% and operating margin of approximately 7% of revenue, guidance marked by caution.
On the recent news front, Eviden, Atos' product brand, announced on September 22, 2026 an exclusive partnership with AllWayTon Technology to launch a railway terminal compatible with FRMCS, 5G and GSM-R, and the group also presented a scientific committee dedicated to sovereign artificial intelligence in France. These announcements were not sufficient to halt the stock's decline, which now stands at 23.38 €, well below the broken support at 23.50 €. The next identified resistance is located at 30.10 €, representing a gap of more than 28% relative to the current price.
