Teleperformance Shares Bounce Back 2.5%, Despite a Nearly 40% Drop Over the Year
Teleperformance shares are making a significant recovery mid-morning, positioning themselves at the top of the SBF 120 ranking. The rebound comes after a prolonged period of undervaluation, while selling pressure on the capital continues to intensify.
An Intraday Rebound That Leaves the Stock Below Its Three Moving Averages
The stock is up 2.26% at €53.30, within an SBF 120 that is slightly up (+0.15%). It ranks among the highest gains in the index, while the CAC 40 edges up by 0.14%. However, the rebound remains technical: the price is below the MM20 (€58.12, gap -8.29%), the MM50 (€60.73), and the MM200 (€58.67), with a gap exceeding 9% on the two longer averages.
The RSI at 36 indicates the persistent weakness of the trend, without tipping into oversold territory. The stock is revisiting its support at €53.06, which was broken at the end of June during the downturn triggered by the earnings release from American competitor Concentrix, and now plays a pivotal role in today's session. The resistance at €75.64 remains out of reach in the short term, with a loss set at nearly 39% over the year and -4.3% over the month.
A Bearish Bet That Continues to Grow Despite the Price Recovery
The bearish bet on the capital remains high and continues to rise. According to the latest filings, ten funds accumulate 12.31% of the capital sold short (last declaration on July 9), a level that has increased by 1.80 points in a month, from 10.51% thirty days ago. This accumulation, one of the heaviest in the Paris market, reflects a persistent skepticism from institutional investors about the stock, without a single thesis emerging: some bet on the continuation of the decline, others cover a long exposure.
This point deserves monitoring, rather than overinterpretation in the context of a single session. Fundamentally, the valuation remains on depressed multiples: according to the consensus of surveyed analysts, the stock is trading at approximately 4 times the expected earnings for the current fiscal year and 3.8 times those of the next year, with an expected EPS growth of 4.6%. The maintenance of the support at €53.06 is the immediate technical reference for the coming sessions.
