Ubisoft share price climbs over 4%, topping the SBF 120
The Breton publisher's stock accelerated on Tuesday, ranking among the top performers of the SBF 120 while the broader index remained nearly stable. This recovery continues the momentum of September, which has fundamentally reconfigured the stock's technical profile following several weeks of severe selling pressure.
Net intraday gains consolidating September's upward momentum
Ubisoft rose 4.25% to €5.54 during the session, bringing its one-month advance to slightly above 3% and its three-month gain to 5.4%. The movement extends the rally that began in early September: the week of September 15 had already seen the stock soar nearly 19%, propelling the publisher among the index's best performers. Today, the stock ranks again among the strongest gainers of the SBF 120, in a subdued European market: the CAC 40 and SBF 120 both advanced less than 0.1% during the session, making Ubisoft's movement all the more notable.
The VIX at 14.8 reflects a low volatility environment, favorable for this type of rebound on a high-beta stock. Over one year, the stock still shows a decline of 38.63%, illustrating the magnitude of the ground covered before this September recovery.
High short positions but declining, warranting continued monitoring
The short-selling configuration remains a structural point of attention on Ubisoft. According to available disclosures, ten funds collectively hold 11.87% of capital sold short, a particularly high level compared to the average for SBF 120 stocks. However, this figure stood at 13.69% thirty days ago, representing a decline of 1.82 percentage points over the period. Such a significant mass of bearish positions can fuel short covering during sustained gains, mechanically reinforcing the upward movement, but it also reflects the persistence of institutional mistrust of the stock.
From a technical analysis perspective, the price stands above all three moving averages: it exceeds the 20-day MA at €5.22 by 6.21%, the 50-day MA at €5.34 by 3.82%, and the 200-day MA at €5.07 by 9.35%. The RSI at 50 is in neutral territory, with no signs of exhaustion or overbought conditions. The resistance level at €5.67 remains the next technical level to watch, less than 2% above the current price.
