TF1: Shares Decline by 2.78% at Midday Despite Tense RSI
TF1's stock is down 2.78% this Tuesday, February 3, 2026, at midday, trading at 8.05 euros compared to 8.28 euros the previous day. This downward movement occurs even though the broadcasting group's stock had shown positive performance in recent sessions, with a gain of 1.07% over seven days and 1.51% over three months.
Technical Context of the Decline
The decline observed in TF1's stock occurs in a relatively tense technical context. The Relative Strength Index (RSI) is at 73, a level indicating an overbought situation and suggesting that upward pressure is waning. This correction brings the price slightly below the 50-day moving average, which stands at 8.11 euros, while the 200-day moving average remains at 8.37 euros.
The stock is now trading near its support level at 7.80 euros, with identified resistance at 8.33 euros. The one-month volatility is at 6.01, reflecting a moderate range of movement for the stock. The negative beta of -0.03 further confirms a decoupling of the stock from the overall market.
JP Morgan's Revised Price Target
American bank JP Morgan revised its price target for TF1 on December 10th, lowering it from 13.70 euros to 12.40 euros, while maintaining an 'overweight' recommendation. This adjustment still suggests a potential appreciation compared to the current stock level of 8.05 euros.
Over a year, the stock has shown a growth of 5.78%, indicating a generally favorable trend despite the pressures faced by the French broadcasting sector. However, this annual performance remains below the expectations set by the American analyst, who continues to see attractive valuation in the medium term.
