Vusion clears its €144.90 resistance and climbs over one month
The maker of electronic shelf labels continues its rebound in a Parisian market slightly tilted to the upside. The stock has just moved above a technical level monitored for several sessions, after a month of marked recovery.
A cleared resistance that becomes support at €144.90
Vusion gained 2.11% to €145 intraday, compared with €142 at the previous day's close, and cleared to the upside its high of the last 30 sessions at €144.90, which has since become a support.
The gain reached 3.42% over the week and nearly 19% over the month, placing the price well above its three moving averages: 9.77% above the MM20, 14.43% above the MM50 and 16.03% above the MM200.
The RSI at 65 remains below the overbought zone. The next identified threshold lies at €147.
A positive Parisian session following early-November announcements
The SBF 120 is up 0.33% at midday, and the stock ranks in the top half of the index. The move extends a trend that began after the announcement, on November 4, of the deployment of the connected store platform at Marks & Spencer, and after the completion of the acquisition of In-Store Media on October 29.
Quarterly sales published on October 20 had shown adjusted revenue up 25% and record order intake.
Despite this recovery, the stock remains down 32.6% over one year. According to the declarations consulted, net short positions fell from 3.91% to 2.15% of share capital over thirty days, spread across three funds. This easing of selling pressure reflects a covering movement rather than a fundamental change in direction, and the level should be monitored without being overinterpreted.
