Edenred Shares Climb Nearly 3% and Challenge Key Resistance at €22.07

Edenred Gains Nearly 3% in a Rising SBF 120

Edenred gains nearly 3% in an SBF 120 that is up by 0.43%. The stock is challenging its €22.07 resistance, after having cleared the €21.76 resistance on May 19. The consolidation observed the previous day, which had brought the price down to €21.57, was merely a pause. The price is now above its three moving averages: MM20 at €21.32, MM50 at €19.48, and MM200 at €20.34. The gap with the MM50 is 13%, indicating a significant rebound since February. The RSI at 60 remains in a neutral zone, without immediate overheating. The upward trend has been building gradually, with the stock having crossed its 200-day moving average at the end of April during the announcement of the first-quarter revenue. The weekly gain is 3.38%, and the performance over three months is 21.69%. However, the performance remains negative by 19.31% over twelve months, as the stock has not yet erased the drop experienced in 2025.

A Cumulative Short Position of 9.79% Reflects Ongoing Skepticism

The net short positions declared on Edenred remain at a high level. According to the declarations reviewed, ten funds together hold 9.79% of the capital in a net short position, a decrease of 0.53 points over thirty days. The unwinding movement remains moderate: the selling pressure is easing but not disappearing. This level indicates that several institutional investors remain positioned against the stock, or are looking to cover exposure. This point deserves to be monitored without being interpreted in isolation, especially since the stock has regained more than 21% in three months despite this skepticism. The coexistence of a solid technical rebound and still significant short positions is a factor to consider in the analysis of the situation. In the short term, the behavior of the price around the €22.07 resistance will be crucial for the continuation of the movement, after more than three months of continuous rise.