Ubisoft share breaks below its 4.88€ support level, in the lower reaches of the SBF 120
The Breton publisher is declining during a session in which the SBF 120 is also trending downward. The stock finds itself at the bottom of the broader index, following an already turbulent start to October. Short positions, meanwhile, remain numerous.
A 4.88€ support breached and three moving averages above the current price
The Ubisoft share is down 2.45% at 4.86€ and ranks among the SBF 120's steepest decliners, while the index retreats 0.69%. During the session, the stock broke through its 4.88€ support level and remains below it. The 200-day moving average at 4.97€ is the closest, standing 2.13% above the current price, while the 20-day moving average is at 5.15€, or 5.55% above.
This breakdown extends a decline of 8.37% over one month. It comes fifteen days after the October 6 rebound, which had placed the stock in the upper reaches of the index.
Ten funds remain positioned to the downside, representing 10.75% of capital
According to available disclosures, ten funds hold a combined net short position of 10.75% of the capital, a high level. This has declined by 1.71 points over thirty days, compared to 12.46% a month earlier, indicating somewhat less selling pressure than before, though without a return to low levels. The most recent disclosure is dated October 15.
Over one year, Ubisoft shares are down 38.82%, and the decline reaches 11.66% over three months. The CAC 40 is down 0.66% this morning, in a Paris market where tension over French government debt, with the 10-year OAT yield at 4.85%, accompanies the session. France's credit rating is set to be reviewed by Moody's on October 23.
