Eutelsat Shares Fall 3.58% Despite a 19.5% Rise Over Three Months
Eutelsat Communications' stock closed the session on April 9 at €2.261, down sharply by 3.58% from the previous day. This decline occurred while the CAC 40 closed down 0.51% at 8,221.46 points, amid high market tensions. Despite this downturn, the satellite operator maintains an increase of over 5% over seven days and nearly 19.5% over three months.
Recent Correction in Eutelsat Communications
This Thursday's correction in Eutelsat Communications follows several consecutive sessions of gains. The price is currently above its 20-day (€2.11) and 50-day (€2.16) moving averages, indicating a short-term bullish momentum. However, it remains significantly below the 200-day moving average at €2.77, suggesting that the underlying trend is still weak: the stock has fallen 25% over the year.
In terms of Bollinger Bands, the price is in the upper part of the channel, at 89% of the band, with the upper boundary at €2.30 and the lower boundary at €1.93. The nearest resistance, established at €2.35 — exactly matching the previous day's price — was not breached, while the technical support holds at €1.93.
Upcoming Financial Milestone for Eutelsat
The next financial milestone for Eutelsat is the release of the third quarter 2026 revenue, scheduled for May 12. This event will be an important test to confirm or refute the stock's recent recovery trajectory.
On the sectoral front, aerospace and defense stocks have had mixed performances: Airbus fell by 2.82% this Thursday while Safran gained 0.93%. The overall environment remains marked by high volatility, with the VIX standing at 25.78 points, up 6.66% from its last measurement. The SBF 120, the benchmark index to which Eutelsat belongs, also fell 0.55% at the close of the day, at 6,222.88 points, confirming the cautious tone at the end of this week on the Paris market.
