Bolloré Shares Reach New Highs Amid Technical Overheating and Uncertainties Over Vivendi
Bolloré shares continue their rise begun this spring in a well-oriented Parisian market. The stock remains in a fundamental upward trend after several months of steady strengthening, while the ongoing dispute around Vivendi adds a speculative dimension. However, technical indicators suggest a tense configuration at the upper range.
A Moderate Rise Extending a Favorable Stock Market Spring
Bolloré shares are up 0.63% at €5.585 mid-session, in a SBF 120 that has gained 0.58%. The stock ranks mid-table in the index, not featuring among the day's extreme movements, which are led on the upside by STMicroelectronics (+10.74%) and on the downside by Abivax (-30.90%). Over three months, the performance is at +12.69%, and the gain reaches 4% over one month.
The day's progress is a direct continuation of this trend. As a reminder, the group announced at the end of April an exceptional dividend and a 6.5% increase in revenue, an event that had supported the rebound of the stock since the spring. Based on the consensus of surveyed analysts, the stock is trading at about 49.7 times the earnings expected for the current fiscal year and 43.5 times those of the next fiscal year, high multiples partly justified by an expected growth in earnings per share of around 14% from one year to the next.
This fundamental support is supplemented by a more speculative factor: the litigation surrounding the Vivendi spin-off. The case remains legally open following the overturning of the ruling that had found Vivendi to be de facto controlled by the Bolloré Group. The Paris Court of Appeal must rule again on this point, which will determine whether there is an obligation to make a public takeover offer targeting Vivendi's minority shareholders. For Bolloré, the stakes can be read in two ways: it maintains a premium expectation around the Vivendi case, but it also represents a financial and legal risk as long as the outcome is unresolved.
Technical Levels: Resistance at €5.55, Support at €5.03, RSI at 72
The price has broken through its identified resistance at €5.55 and is now clearly above its three moving averages: €5.35 for the MM20 (+4.4%), €5.15 for the MM50 (+8.5%), and €4.86 for the MM200 (+14.9%). This alignment indicates a bullish dynamic established over several horizons.
The RSI is at 72, in the overbought zone, which signals a tense configuration after the movement of recent weeks. The one-month volatility remains contained at 5.75, indicating a steady progression rather than a rush.
Today's session confirms the breakout of the previous technical ceiling, while the support at €5.03 now represents the theoretical pullback zone in case of consolidation. Over a year, the stock remains stable (-0.27%); however, the 12.69% increase over three months brings the price closer to the peaks observed in the spring.
