Vusion Stock Breaks Its Resistance at €147, Up 24% Over the Month
The Nanterre-based specialist in connected electronic labels continues its momentum in mid-morning trading in Paris, in a slightly bullish Parisian market. The session extends a May boosted by a shift in brokers' opinions.
Vusion Stock Climbs 1.18% to €146.30 During Trading Session
Vusion's stock gained 1.18% to €146.30 in the session, after momentarily breaking through its €147 resistance earlier in the morning. The stock thus marks an 11.25% gain over the week and 24.09% over the month. This movement extends the upward trend that began at the end of May, after the initial breakthrough documented during the more than 8% increase on June 1st. The RSI at 66 reflects this momentum without yet indicating an overheating zone. The price is 12.60% above the MM20 (€129.93), confirming the short-term inflection. The MM200, at €174.32, however, remains 16% above the current price, highlighting the ongoing challenge to close the annual decline, still nearly 39% over twelve months.
Short Sellers Retreat Over the Past Month but Remain Present
According to reviewed statements, nine funds hold a net short position of 6.77% of the capital, down from 7.54% a month ago. Thus, the bearish bet has lightened by 0.77 points over thirty days, but has not disappeared. This level remains high and indicates that a portion of institutional investors are still positioned against the stock, even though the recent movement suggests the beginning of coverage rather than an acceleration of selling pressure. This easing accompanies the rebound observed in the stock and the shift in opinion by a major broker at the beginning of June, which continues to fuel the debate on the stock, as mentioned in the technical pullback on Tuesday. It remains to be seen whether today's break of the €147 barrier paves the way for a test of the 200-day moving average, still distant at €174.32. Recent analyst opinions provide additional support for the ongoing sequence.
