Elis Shares Soar Nearly 5% Targeting the 29€ Mark
The circular services specialist significantly accelerates during the session and climbs to the top ranks of the SBF 120 a few hours before closing. The stock confirms an upward momentum that has been building for several weeks, supported by sustained corporate news around its international expansion.
A Jump of Nearly 5% Propels the Stock Among the Top Gainers of the SBF 120
Elis shares gained 4.83% to 28.22€, up from 26.92€ the previous day, in a Parisian market trending upwards (CAC 40 +0.47%, SBF 120 +0.57%). This movement propels the stock among the top gainers of the SBF 120, while the session is also marked by a rebound in cyclical stocks such as ArcelorMittal or Aperam. Over three months, the gain now reaches 8.39%, and 11.87% over a year. The day's progress follows the completion of the acquisition of ServBrazil, a Brazilian provider of flat linen for the healthcare sector, announced on July 2. This operation complements the acquisition of the Spanish laundry RS10 completed in early June, outlining a consolidation strategy in hospital services in Southern Europe and Latin America.
An Extension Above All Moving Averages Paving the Way to the 29€ Mark
Technically, the stock is trading above its MM20 (26.72€) and MM50 (26.73€), with a gap of about 5.6% for each, and 11.50% above the MM200 (25.31€). This configuration reflects a bullish dynamic aligned across the three time horizons. The RSI at 60 remains in a neutral zone despite today's surge, with no marked overbought signal, while the MACD maintains a positive histogram. The next round milestone above the current price is the psychological threshold of 29€, with no previous technical resistance to overcome before. On the fundamental side, the group has also made several recent extra-financial announcements, including receiving the Platinum medal from EcoVadis at the end of June, which reinforce the ESG narrative already highlighted by management. The underlying trend, established since the low point in April, remains upward as long as the stock stays above its moving average zone at 26.70€.
