Eutelsat Stock Plummets -25% This Week
Eutelsat Communications' stock falls again this Thursday, extending the profit-taking sequence that began in late May. The stock is among the biggest losers in the SBF 120, even as the broader index makes gains during the session. The correction continues despite the announcement of a new commercial partnership for LEO connectivity.
Another Session of Decline Moves the Stock Away from Its 20-Day Moving Average
Eutelsat Communications' stock drops 3.22% to €3.16 midday in a Parisian market trending upwards (CAC 40 +0.75%, SBF 120 +0.70%). Over the week, the decline reaches 25%, but the satellite operator still holds a gain of 43.78% over three months. The price has fallen below its 20-day moving average (MM20) at €3.41 (a gap of -7.45%), indicating a short-term momentum fatigue. However, the 50-day (MM50) and 200-day (MM200) moving averages remain well below the current price at €2.85 and €2.71 respectively, reflecting the strong rally observed since spring. The RSI at 48 returns to neutral territory, after a marked overbought zone in mid-May. The technical support at €2.57 remains distant, while the resistance at €4.51 locks any return to recent highs.
New Maritime Contract Overshadowed by SpaceX
The company announced this Thursday that it has chosen Cyprus-based Tototheo Global to distribute its low-earth orbit (LEO) services from OneWeb in the maritime sector, targeting businesses and public administrations. This agreement is part of a strategic shift towards LEO connectivity, which had seen a growth of 65% in the third quarter according to the 9M 2025/2026 financial report (published on May 12, 2026). On this occasion, the company also highlighted a negative currency impact of 42 million euros for the period, among other cited risks. The commercial announcement fails to halt the profit-taking even as SpaceX prepares for a massive IPO, with the market anticipating one of the largest fundraising events in stock market history. The stock now approaches its 50-day moving average at around €2.85, the next technical marker to watch.
