SPIE share rebounds 3.5% and moves back above its 20-day moving average
The share of the multi-technical services specialist is clearly in positive territory on Tuesday, in an SBF 120 that is also advancing but more modestly. This rebound comes in the wake of the sustainable bond issuance announced the previous day, and allows the share to move back above its 20-day moving average for the first time in several weeks.
A rebound of 3.44% that places the share back above its 20-day moving average
SPIE gains 3.44% to €44.48 in trading, while the SBF 120 advances only 0.19% over the same period. This movement is sufficient to place the share back above its 20-day MA (€43.99), with a gap of 1.11% — a first since the value had breached its support at €43.10 on September 17. The RSI, which has risen to 39, remains in bearish territory but is moving away from the most depressed levels touched in recent weeks.
The next resistance is located at €46.01 (50-day MA), representing a gap of 3.33% above the current price, while the 200-day MA at €47.75 represents a more distant ceiling, 6.85% higher. Short-term momentum is therefore improving, even though the share remains below both its longer-term moving averages. The VIX, at 14.8, reflects a broadly serene market, which does not impede the movement.
Sustainable bond issuance and short positions, two key elements to monitor
Today's rebound comes following the launch of a bond issuance linked to sustainability criteria, announced on September 21, targeting in particular the partial refinancing of the group's existing debt. When publishing first-half 2026 results on July 31, management had expressed full confidence in its ability to achieve its objectives for the current fiscal year. On the short position front, four funds cumulate 3.75% of capital sold short according to filed disclosures, a level that has remained stable over thirty days (zero change over the period).
This figure, which exceeds the 3% threshold, reflects a persistent presence of bearish bets on the share, without recent acceleration however. It suggests that institutional investors are maintaining a negative exposure to the value, which may limit the scope of a rebound if these positions do not reduce. The analysts' view, with Jefferies having raised its target to €55 on September 11, offers upside potential exceeding 23% compared to the current price, a benchmark to keep in mind when measuring the extent of the road still to be traveled.
