SES share at its support level of €4.62, down -44% in three months
The Luxembourg-based satellite operator is facing renewed pressure this Monday, in a European market itself trending downward, with the CAC 40 declining 0.8% and the SBF 120 down 0.77% during the session. The stock is gradually sliding toward its support threshold, while the underlying momentum remains severely deteriorated over a three-month period.
A share trading below all its moving averages with RSI approaching oversold territory
SES is declining 2.32% during the session to €4.63, after closing Friday, September 11 at €4.74. The price is now trading below its 20-day moving average at €4.93 (a gap of -6.04%), below its 50-day MA at €6.03, and below its 200-day MA at €6.54, a sign of sustained selling pressure across all timeframes. The RSI at 30 is approaching the oversold threshold at 30, a position that had already been reached multiple times in recent weeks without triggering a sustained rebound.
The distance to the support level at €4.62 is minimal: the current price at €4.63 stands less than a cent away from it. Should this level break, the next identified technical reference would be significantly higher, at the resistance of €5.76, a zone the share has not approached in several weeks. The MACD remains in negative territory but its histogram is slightly turning positive (0.04), a signal of waning immediate selling pressure, though this is insufficient to reverse the trend.
A quarterly decline of nearly 44% in a macro environment under high tension
Over three months, SES has lost 43.85% of its value, a dynamic characterized by a series of bearish episodes interspersed with ephemeral technical rebounds. The launch of SES Core, the hybrid broadcasting platform unveiled on September 11, and the extension of the contract with the Peruvian Navy announced in early September have failed to halt the underlying trend. The macro backdrop proves particularly unfavorable this Monday: markets are entering a week marked by a series of central bank decisions, including the Fed meeting on Wednesday in a context of U.S. inflation at 3.4% in August, reinforcing expectations of a rate hike.
Furthermore, Brent crude has exceeded $108 this morning amid Houthi attacks and the closure of Saudi Arabia's East-West pipeline, fueling a resurgence of market volatility: the VIX surges 14.14 points during the session, to 18.08. The support threshold at €4.62, which the price is approaching at the start of this week, represents the most immediate technical element to monitor in the coming hours.
