Ubisoft shares surge nearly 19% over the week, ranking at the top of the SBF 120
Driven by an upward momentum that has been building since early September, Ubisoft shares continue their rebound this Thursday and establish themselves at the top of the SBF 120. Today's gain comes in a context of a slightly positive European market, while the stock has now accumulated 18.51% over the week.
A quarterly rebound of nearly 19% that places the stock above its three moving averages
During the session, Ubisoft gains 2.63% to €5.78, bringing its weekly performance to 18.51% and its three-month rebound to 18.56%. The stock ranks among the strongest gainers of the SBF 120 this Thursday, in an index that advances 0.18% during the session. The momentum is clear: after having long traded below its moving averages, the Breton publisher now exceeds all three of them.
The price stands 10.55% above the MA20 (€5.23), 7.67% above the MA50 (€5.37) and 13.60% above the MA200 (€5.09). This configuration contrasts with the sluggishness of previous weeks, the stock having been the worst performer of the SBF 120 at the beginning of September with a yearly decline then exceeding 44%. Over one year, losses remain substantial at 30.84%, which measures the extent of the ground covered since the lows.
An RSI at 61 in bullish territory, but resistance at €6.02 still to be overcome
The RSI at 61 reflects buyer momentum without signaling excessive overbought conditions, leaving room before reaching tension levels. The MACD confirms the movement: the histogram is positive (0.07), indicating that the MACD line crosses back above its signal after a long depressed phase. The next zone to watch remains resistance at €6.02, approximately 4% above the current price.
Beyond the technical configuration, net short positions deserve attention: according to reported declarations, ten funds cumulate 12.02% of capital sold short, declining by 1.87 points over thirty days (compared to 13.89% a month ago). This decline reflects a partial reduction in bearish bets, without signifying capitulation by shorts, which remain at an elevated level. Resistance at €6.02 thus constitutes the next concrete test for the current momentum.
