Eutelsat Shares Up 3.42% This Noon
Eutelsat Communications is trading at €2.115 this Wednesday afternoon, up 3.42% from yesterday's close. This surge follows a quarter marked by a nearly 24% increase over three months, contrasting with an annual decline of more than 38%. The publication of the third-quarter revenue, scheduled for May 12, is the next major event for the satellite operator.
Current Trading Status of Eutelsat Communications
This Wednesday, Eutelsat Communications is trading around €2.115, after closing the previous day at €2.045. This 3.42% rebound during the session brings the stock above its 20-day moving average of €2.06, yet it still does not reach the 50-day moving average situated at €2.17. This persistent gap between the price and the longer-term average illustrates the selling pressure that has been affecting the stock for the past year. The 200-day moving average, at €2.79, remains significantly above the current levels, indicating that the underlying bearish trend is still intact. Regarding the relative strength index, the RSI stands at 44, a neutral level indicating neither oversold nor strong buying momentum. The stock fluctuates between a support threshold at €1.93 and a resistance at €2.34, a zone that the stock must surpass to confirm a potential more structural turnaround. The monthly volatility, measured at 23%, remains significant for a stock with a low beta of 0.34, indicating that recent fluctuations are more linked to specific factors than to general market movements.
Market Context and Eutelsat's Performance
Eutelsat's rebound occurs in an overall supportive session in Paris. The CAC 40 is up 2.12% at 7,982.50 points, while the SBF 120 gains 2.14% at the same time. Industrial stocks such as Airbus (+3.36%) and Safran (+3.40%) also show significant increases, indicating a renewed appetite for stocks related to technology and defense sectors. This buoyant market context may partially explain the positive dynamics of Eutelsat this Wednesday, although the stock maintains a unique profile. Over seven days, the performance remains modest at +1.2%, and the 38% drop over a year highlights the structural challenges the satellite operator faces, including the integration of OneWeb and the burden of debt. The next identified catalyst is the publication of the quarterly revenue on May 12, an event that will allow to assess the commercial trajectory of the group and its ability to reassure on its operational fundamentals.
