Eutelsat Shares Drop 2.8% and Struggle at the €3 Resistance
Eutelsat Communications shares drop 2.8% to €2.91 at midday. The decline ranks the stock among the top five losses in the SBF 120 during the session, as the index drops 0.16%. The third-quarter revenue report is expected on May 12.
A Decline that Interrupts a Three-Month Bullish Trend
The stock is trading at €2.91, down 2.8% for the session, but still holds a gain of 9.85% over seven days and 38.29% over three months. Eutelsat is among the top five declines in the SBF 120, alongside Solvay (-6.79%) and Vallourec (-5.19%). Over one year, the performance remains negative at -11.56%. The market context in Paris remains cautious today: the CAC 40 is down 0.12% at 8,289.50 points and the SBF 120 drops 0.16%. Wall Street had closed significantly higher the previous day, with the Nasdaq up 2.02% and the Dow Jones up 1.24%, amid hopes of an agreement between Washington and Tehran. The fall in Brent crude observed on Wednesday (-8.6% to about $100) does not directly impact the satellite operator, whose business model is not tied to hydrocarbons.
A €3 Resistance Holds, Five Days Before a Key Publication
The stock price struggles at the identified resistance of €3.00, a threshold it has not crossed despite several attempts in recent weeks. As a reminder, during the session on April 22, the stock had already surged more than 10% before struggling at this zone. The RSI at 68 indicates a configuration close to overbought, which is consistent with the bullish sequence of the past weeks. The price is also trading in the upper part of the Bollinger Bands, at 77% of the width. Eutelsat remains above its 50-day moving average (€2.34) and its 200-day moving average (€2.69), confirming a bullish medium-term orientation. The next concrete milestone is the publication of the third-quarter 2026 revenue, scheduled for May 12. Analysts' recommendations will be closely watched thereafter. The 2025-26 annual results are expected on August 7.
