Teleperformance Shares Plunge 4.5% and Hit Bottom of SBF 120
Teleperformance shares tumble in mid-morning trading and fall to the bottom of the SBF 120 rankings. The stock wipes out its rebound from the previous day and is once again under selling pressure that has been weighing on the capital for several weeks, while the annual decline remains significant.
A Drop that Brings the Stock Closer to Its Technical Support at €53.06
Teleperformance shares lose 4.35% to €52.80 during the session, while the SBF 120 falls by 0.43% and the CAC 40 declines by 0.40%. The stock is among the largest declines in the broader index, completely erasing the 2.5% rebound on July 13. The year-on-year decline reaches 38.66%, while the weekly gain is now limited to 4.18%.
The price moves below its support threshold of €53.06, already broken at the end of June during the session on June 24. The technical configuration remains degraded: the stock is trading below its three moving averages, with a gap of 9.15% below the MM20 (€58.12) and 13.06% below the MM50 (€60.73). An RSI at 36 indicates persistent selling pressure without reaching the oversold zone.
A Bearish Pressure on Capital Continues to Build Over a Month
The cumulative net short position reaches 13.38% of the capital, spread among twelve funds according to the declarations consulted. In one month, the declared bearish exposure has increased by 2.27 points, from 11.11% thirty days ago. This high level reflects an institutional positioning that remains largely bearish on the stock, with no recent change in the dynamic.
The continuous increase of this indicator deserves monitoring, although it is not possible to deduce a precise intention of the concerned participants. Based on the expected earnings per share, the stock is trading at about 4.0 times the earnings for the current fiscal year according to the consensus of surveyed analysts, a multiple that reflects the discount established over several quarters. The relapse now brings the stock closer to the broken threshold of €53.06 on June 24, the next technical marker to watch.
