Teleperformance stock breaks through its €72 resistance level and extends its rebound
The customer relationship management specialist's share is trading firmly in the green on Wednesday, following weeks of consolidation below a technical threshold that had resisted several successive attempts. This breakthrough occurs in a context of globally stable market conditions, with the SBF 120 advancing only marginally during the session.
A resistance breakout awaited for several weeks, which repositions the stock above its moving averages
The Teleperformance stock gains 2.85% to €72.10 during the session, after breaking above its €72 resistance level this Wednesday morning, a level it has been challenging since the beginning of September without managing to establish itself durably. This breakthrough confirms momentum initiated since the summer: the €72 resistance had held firm during the September 16 session, before the share pulled back below its 20-day moving average. Currently, the price is trading above the 20-day MA (€70.10, outperformance of 2.85%) and the 50-day MA (€66.19, outperformance of 8.93%), both well below current levels.
The next level to watch is the resistance at €75.64, representing additional upside potential of nearly 5% from current levels. The RSI at 55 remains in neutral territory, without signals of excess in either direction, which leaves room before reaching an overbought configuration.
A quarterly rebound of 35.88% that coexists with elevated levels of declared short positions
Over three months, Teleperformance posts a gain of 35.88%, one of the most significant recoveries among the major SBF 120 components following an extended period of depreciation. Over one year, the advance reaches 14.88%, confirming that the share has erased a substantial portion of its multi-year decline. According to the consensus of analysts tracked, the stock is trading at approximately 5.3 times the earnings expected for the current fiscal year, a low multiple reflecting persistent doubts about the outsourcing model in the face of artificial intelligence advances.
This context does not prevent declared short positions from remaining at elevated levels: eight funds cumulate 7.76% of the capital sold short, according to declarations reviewed, a proportion slightly higher over one month (7.69% thirty days ago). This volume represents a structural bearish bet on a significant fraction of the free float, reflecting persistent institutional skepticism toward the stock, without its recent evolution (stable over one month) signaling either capitulation or an acceleration of sellers. The next resistance at €75.64 will constitute the natural test of the solidity of the current move.
