FDJ United Shares Bounce 2.5% and Climb to the Top of the SBF 120

A Rebound that Realigns the Stock with its Short-Term Moving Averages

FDJ United shares gain 2.43% to €22.76, among the strongest rises in the SBF 120 as the index itself advances by 0.45%. The stock has moved back above its MM20 (€22.32) and is now touching its MM50 at €22.73, a threshold it had not crossed for several weeks. The RSI at 45 remains neutral, which leaves room before a possible overbought configuration. The MM200 at €24.26, still 6.18% above the current price, represents the medium-term downward slope that the stock needs to overcome. The movement extends the recovery that began last week, after reaching a post-Covid crash low at the end of June. Over a week, the stock now shows a gain of 5.71%, while still showing a decline of 12.6% over three months and 30.69% over a year. The resistance at €23.32 is the next technical milestone visible on the chart, while the support at €21.33 frames the movement from below.

High Short Positions Remain Despite a Slight Decrease

According to reviewed statements, four funds accumulate 6.88% of the capital sold short, a level that remains significant even though it has decreased by 0.76 points over thirty days (from 7.64% a month earlier). This positioning reflects the presence of institutional investors still betting on a decline or seeking to hedge an exposure, in a context where the stock has lost nearly a third of its value over a year. The slow decline of this cumulative short accompanies the recent rebound of the price without yet indicating a clear turnaround. Regarding valuation, the stock is trading at about 9.7 times the expected earnings for the current fiscal year and 8.4 times those of the following year, according to the consensus of analysts surveyed, with an estimated EPS growth of 14.4% from one year to the next. The sustained crossing of the MM50 at €22.73 remains the immediate technical reference to monitor to assess the strength of the rebound.