SES Shares: 2.5% Increase After Midday Peak

The Luxembourg-based satellite operator experienced a volatile session this Thursday, marked by a significant morning increase that pushed the price up to €6.69. The stock eventually closed at €6.57, up 2.5% from the previous day (€6.41), with a limited trading volume representing 0.1% of the capital. This increase contrasts with the trend of the CAC 40, which fell by 0.23% to 8,041.36 points. The decline observed between the mid-session peak and the close reflects profit-taking after the initial surge, without calling into question the daily gain.

Over the past week, the stock has shown a slight decline of 0.76%, indicating a consolidation after previous gains. Looking at a longer time frame, the stock has recorded a progression of 7.62% over three months and an impressive performance of 49.11% over one year, significantly outperforming the CAC 40, which only advanced by 6.91% during the same period. With a beta of -0.16, SES shows a negative correlation with the Parisian index, meaning its movements are little influenced by market variations and can even move counter to the trend. This low market sensitivity is combined with a monthly volatility of 8.50%, a contained level reflecting moderate price fluctuations.

The stock price is now above its 50-day (€6.12) and 200-day (€5.14) moving averages, a configuration that indicates a bullish trend established in the medium and long term. The gap with the long-term moving average has gradually widened over several months, reflecting a positive underlying dynamic. Moreover, the stock is trading close to the upper boundary of its Bollinger Bands, set at €6.77, while the lower boundary is at €5.87. This high position in the channel signals some buying pressure, as the price approaches a technical resistance zone at €6.74. The support at €5.65 remains relatively distant, providing a safety margin in case of a downturn.