Ubisoft stock surges again and breaks through resistance, +15.5% in one week
The video game publisher posts new gains during the session and breaks through its technical resistance level in the course of trading, in an overall positive European market. The bullish momentum of recent weeks contrasts sharply with the difficult months that preceded it, and repositions the stock in a more favorable technical configuration.
A resistance breakthrough that consolidates the weekly and quarterly rebound
Ubisoft closed at €5.67, up 2.39% from the previous day (€5.53), and ranks among the strongest gainers in the SBF 120 at the end of the session. The key highlight of the day is the intraday breakthrough of the technical level at €5.59, a threshold that has been monitored for several days, with a hold above this level at the close of trading, which technically validates the passage of a threshold that has been watched for several days. Over the week, the stock posts a gain of 15.75%, and 15.12% over three months, two figures that testify to a notable reversal in momentum after a long period of underperformance.
This rebound occurs in a supportive market environment: the CAC 40 gains 0.62% at close and the SBF 120 advances 0.65%, while the VIX eases slightly to 16.87, signaling a decline in implied volatility. The price now stands well above its three moving averages: +8.54% above the 20-day MA (€5.22), +5.51% above the 50-day MA (€5.37) and +11.10% above the 200-day MA (€5.10). The RSI at 58 remains in neutral territory, with no overbought signal, which leaves technical room before the next resistance identified at €6.02.
Short positions still elevated, declining over one month, in a heavy macroeconomic context
On the substance, Ubisoft remains one of the most shorted stocks in the SBF 120. According to filed declarations, ten funds cumulatively hold 12.02% of capital sold short, with the latest declaration dated September 14, 2026. This figure is nonetheless down 1.59 percentage points compared to thirty days ago (13.61%), indicating that some participants have reduced their bearish exposure as the stock recovered. A short level this high reflects structural distrust by part of the institutional investors in the stock, without making it possible to infer their precise intention: risk hedging, directional bet or arbitrage.
This gradual decline in short interest deserves to be monitored over time rather than interpreted as a definitive reversal. Moreover, the session occurs in a dense macroeconomic context: the Federal Reserve is expected on Wednesday to raise its key rate for the first time in three years, a decision that weighs on global financial conditions and, by extension, on the valuation of growth stocks. For Ubisoft, annual performance remains highly unfavorable (-34.02% over one year), which underscores the extent of the ground lost since the lows. The €6.02 resistance constitutes the next level to watch to assess the continuation of the current move.
