Eutelsat Communications Stock Drops Nearly 22% in a Month, Threatening Its Support at €2.16

A Slide Towards the €2.16 Support Bringing the Stock Closer to a Key Threshold

Eutelsat Communications stock loses 1.88% to €2.3010 during the session, bringing its decline to nearly 22% over a month. The stock is now approaching the support identified at €2.16, a threshold that is only about 6% away from the current price. The RSI at 40 indicates the exhaustion of the buying momentum without yet signaling a marked oversold condition, while the stock is significantly below its three moving averages, with a gap of more than 20% from the MM50 at €2.91. This configuration extends the bearish sequence already observed during Monday's session, where the €2.16 support had already been identified as the next test zone.

LEO Commercial Dynamics Insufficient to Counter Selling Pressure

Operationally, the publication of the nine-month 2025/2026 figures, communicated on May 12, 2026, highlighted a 50% increase in LEO activity revenue year-over-year, offset by a negative currency effect of €42 million and a nearly stable operating revenue. The commercial flow remains strong around the OneWeb constellation, with the Centaur contract signed with the Armed Forces for a maximum amount of €350 million over eight years, and an expanded maritime partnership with AST Networks at the end of June. However, these announcements have not reversed the trend: the stock has lost nearly 17% over the year and is moving against the current of the SBF 120, which shows slight gains at mid-session. The next step to watch remains the stock's behavior as it approaches €2.16.