Teleperformance stock surges and challenges its 71.92 € resistance level
Teleperformance stands out in a declining Paris market this Tuesday, bringing its quarterly gains to over 13%. The stock briefly broke through a key technical resistance level during the session before pulling back, in a market context where the CAC 40 is down approximately 0.5%.
A resistance breakthrough during the session that falters at 71.92 €
During Tuesday's session, Teleperformance gains 2.55% to 71.48 €, establishing itself among the strongest gainers of the SBF 120 while the broad index declines by 0.5%. The stock momentarily broke above its resistance at 71.92 €, touching a session high of 72.20 €, before falling back below this threshold. This pullback to 71.48 € mid-session illustrates the difficulty in establishing itself sustainably beyond this level, which the stock had not surpassed in recent trading sessions.
On the moving averages front, the momentum remains favorable: the price is trading 2.48% above the 20-day MA at 69.75 €, and the gap with the 50-day MA at 60.60 € now exceeds 17%. The RSI at 57 remains in neutral territory, showing no overbought signals, which leaves room technically before reaching the 70 zone. Over one month, the stock shows +3.59%, and over three months +13.39%, continuing a rebound that began in early summer.
Short positions still elevated despite significant decline over thirty days
Six funds maintain a cumulative net short position of 7.69% of the capital according to reviewed declarations, a level that remains high in absolute terms. However, the trend has improved significantly: this figure stood at 11.08% thirty days ago, representing a decline of 3.39 percentage points. This partial covering movement coincides with the stock price recovery, though direct causality cannot be established.
Such a cumulative short level means that a significant portion of the float remains positioned against the value, which can amplify upward movements when funds close their exposure. Valuation provides another perspective: according to the consensus of reviewed analysts, the stock is trading around 5.3 times the expected earnings of the current fiscal year and 5.1 times those of the following fiscal year, with projected earnings per share growth of 4.5% from one fiscal year to the next. The 71.92 € resistance remains the threshold to sustainably break through to confirm the bullish momentum of the past three months.
