Teleperformance Shares Drop Over 3% and Break Below €54.80 Support

The Stock Breaks Below the €54.80 Support and Ranks at the Bottom of the SBF 120

Teleperformance shares drop 3.3% to €53.30 during the session, among the steepest declines in the SBF 120 while the broader index falls by 0.75%. The stock has broken below its €54.80 support, defended in the June 18 session when it was approached but not breached, as noted in a recent analysis. This break places the price below its three moving averages, with a gap of 9.3% below the MM200 (€58.79), 10.6% below the MM20 (€59.61), and 12.1% below the MM50 (€60.60), confirming the medium-term bearish pressure. The RSI at 39 remains neutral but trends towards the oversold zone, consistent with a calendar month trimmed by 27.25%. The performance over one year shows a decline of more than 29%, indicating a persistently negative underlying trend despite the late May rebound.

High Short Positions and Compressed Valuation for the Service Provider

According to reviewed statements, eight funds accumulate 10.74% of the capital sold short, a particularly high level reflecting a structural bearish bet on the stock. The pressure has remained nearly stable over thirty days (-0.13 point), suggesting that short sellers have not backed down despite the rebound in late May and the completion of a €600 million bond refinancing at the end of May. This institutional positioning weighs on the price dynamics by accentuating each phase of decline, without however indicating a capitulation by the shorts. In terms of valuation, the stock trades at about 4 times the earnings expected for the current fiscal year according to the consensus of surveyed analysts, with an expected earnings per share growth of 6.1% next year.