Teleperformance Shares Slide 3.5%, Approaching Key Support at €54.80

The stock approaches the €54.80 support, accumulating a 20% decline over a month

Teleperformance loses 3.57% at €55.08, bringing the decline to nearly 21% over a month. The stock is dangerously close to its support at €54.80, whose break could open a technical space below recent lows. The configuration remains degraded: the price moves below the MM20 (€61.36), MM50 (€60.39), and MM200 (€58.89), with a negative gap of about 6% on the latter. The RSI at 43 remains in the neutral zone, without indicating seller exhaustion.

This decline extends the correction documented on June 11, when the stock had already threatened a previous threshold at €55.14. Over three months, the stock still maintains a gain of 7%, a legacy of the spring rally now largely eroded. Over a year, the stock remains heavily in deficit, at -41.66%.

Short positions remain entrenched over 10% of the capital, indicating persistent skepticism

Eight funds accumulate a net short position of 10.59% of the capital, according to reviewed declarations. The level has eroded very slightly over thirty days (-0.57 point from 11.16%), but remains at a particularly high level for an SBF 120 stock. This concentration of bearish bets reflects persistent skepticism by some institutional managers towards the stock, without it being possible to isolate the precise motivation (sector coverage, skepticism about margin trajectory, anticipation of a cycle reversal).

Today, the stock is in the lower second half of the SBF 120, the broad index losing 0.16% in session. Based on anticipated profits, the stock trades at about 4.2 times the earnings for the current fiscal year according to the consensus of surveyed analysts, a historically low multiple that reflects the extent of the discount integrated by the market. The €54.80 support remains the immediate technical reference to watch.