Teleperformance shares break through their €82.08 resistance before falling back
The customer relations specialist fell sharply during the session, in an almost stable Paris market and two days ahead of its quarterly sales. The decline erases part of a sharp rise since the summer, which had pushed the stock well above its moving averages.
A resistance test at €82.08 with no follow-through, and a 2.66% decline
Teleperformance is trading at €79.90 early in the afternoon, down 2.66% from the previous day, while the CAC 40 slips 0.1%. The stock is among the biggest decliners in the SBF 120.
The move had started on a positive note, however: it broke through its €82.08 resistance during the session, reaching €82.12, before falling back below that level.
Despite this pullback, the stock remains 4% above its 20-day moving average (MM20) of €76.79 and has gained nearly 16% over one month. This rebound follows recent sessions, in which the €76.40 resistance had been exceeded on October 21. The RSI at 61 remains in an intermediate zone.
Third-quarter revenue expected Thursday, price targets raised at BofA
The group will publish its third-quarter revenue on Thursday, November 5. On the analyst side, BofA Securities raised its target from €71 to €76 today while keeping a “hold” rating, whereas CIC Market Solutions maintains its target at €60. Both targets are below the day’s price (€79.90).
According to the consensus of the analysts surveyed, the stock trades at about 5.9 times expected earnings for the current fiscal year. Analyst opinions on the stock are therefore divided between caution and upgrades.
Declared short positions on the stock reach 5.32% of the share capital, spread across six funds, a level down 0.79 points over thirty days. Thursday’s publication will be the next quantified milestone for the stock.
