Ubisoft share falls 2.5% and tests its 200-day moving average at €5.11
The Breton publisher slips back into the red on Monday, erasing part of the rebound recorded last Friday. The stock is now trading near a key technical level, in a European market itself oriented downwards, as major central banks enter a week filled with monetary policy decisions.
A decline that brings the stock back to its 200-day moving average
Ubisoft is down 2.45% intraday and is trading at €5.09, thus returning almost exactly to its 200-day moving average (MA200), set at €5.11. The gap with this long-term reference is minimal (-0.35%), which places the stock in a test zone. The MA20 (€5.22) and MA50 (€5.38) both remain above the price, at respective gaps of 2.45% and 5.35%, confirming persistent selling pressure in the short and medium term. The RSI at 50 remains in a neutral zone, without signs of exhaustion in either direction.
Today's decline takes place in an unfavorable index context: the CAC 40 is down 0.78% and the SBF 120 is declining 0.77% intraday, amid geopolitical tensions in the Middle East and Brent crude rising above 107 dollars per barrel. The VIX, an implicit volatility indicator on American markets, surges more than 14% this morning, reflecting a general increase in nervousness. The support at €4.86 remains the next zone to monitor if the MA200 fails to contain the pressure.
Short sellers still very present despite a slight decline in one month
According to recorded declarations, eleven funds are accumulating a net short position of 12.39% of Ubisoft's capital, based on the latest declarations dated September 9. This level remains among the highest in the SBF 120 for a stock of this size. Over thirty days, however, this total has slightly declined by 1.22 percentage points, after reaching 13.61% of capital one month ago. Such a concentration of bearish positions indicates that many institutional investors are positioned against the stock, whether for conviction purposes or portfolio hedging.
The modest decline in the total does not allow for concluding a reversal: pressure remains structurally strong. In this context, the stock is showing -39.97% over one year, despite a rebound of nearly 5% over the past week, a rebound that had earned it the best SBF 120 performance on Friday. Analyst consensus and market dynamics remain out of sync, as illustrated once again by this mid-day decline. The holding or breaking of the MA200 at €5.11 in the coming sessions will constitute the technical fact to observe.
