Atos Shares Drop Nearly 3% and Lose 15% Over the Week

A Slide Bringing the Stock Below All Its Moving Averages

Atos shares drop 2.68% to €34.18 in early afternoon, while the SBF 120 index declines by 0.71%. The stock now shows a weekly decline of 15.4%, erasing most of the gains accumulated in May. The technical setup has significantly deteriorated. The price is now below the MM20 (€39.74), MM50 (€36.84), and even more so the MM200 (€44.89), the latter remaining nearly 24% above the current price. The RSI at 40 indicates the exhaustion of the rebound without a clear oversold signal. The identified support at €32.66 is approaching, less than 5% from the current level.

Microsoft Copilot Partnership Insufficient to Halt Profit-Taking

The company announced on June 10 the expansion of its partnership with Microsoft, with the deployment of Microsoft 365 Copilot to its 56,000 employees across 54 countries. The integrator becomes the first French player in its sector to deploy the solution on this scale, as detailed in the global deployment announcement. However, the market reception remains negative, continuing the profit-taking that began at the end of May after a rally of nearly 20% over the month. The stock is thus reverting to its March levels, despite a steady flow of commercial contracts (Viasat, DGA, Backbase) signed in recent weeks. Based on the consensus of analysts surveyed, the stock is trading at about 8.8 times the earnings expected for the current fiscal year and 4.7 times those of the following year. The €32.66 support will be the next technical marker to watch.