Elis shares hit their highest level in 30 sessions, up 16% over one month
The linen rental and maintenance specialist extends its rebound in a Parisian market trending upward. The stock comes off a clearly positive month and confirms the momentum from its quarterly results. Today's move changes its technical configuration.
A breakout extending a monthly rebound of more than 16%
The share price gains 2.07% to €24.68 intraday. It broke upward through its 30-session high (€24.30), which now serves as support, Elis shares showing a 16.09% gain over one month and 4.05% over one week.
The stock sits above its 20- and 50-day moving averages, with a 7.87% gap to the former, but remains 1.59% below its 200-day moving average (MM200), at €25.08.
The RSI at 74 signals an overbought configuration. This move follows the publication of the third-quarter revenue, published on October 28 at €1,323.9 million, up 6.1%, along with confirmation of the 2026 targets. Over three months, performance remains barely positive, at 0.82%.
A Parisian market supported by easing oil price tension
The CAC 40 gains 1.12% and the SBF 120 rises by the same proportion, amid easing tensions over Brent, which has fallen back to around $92-93 a barrel following Donald Trump's statements on Iran. The VIX falls 21.45% to 20.14.
Elis outperforms its index, with a 2.07% gain, without ranking among the top performers of the SBF 120, where Edenred (+4.44%) and Pluxee (+4.21%) lead the session.
On the agenda, the company will take part in the BNP MidCap CEO conference on November 16, followed by the RBCCM Global Industrials conference on November 17. The next resistance level is at €28.22.
