SES Shares Bounce Back by 4.5%, Marking One of the Strongest Gains in the SBF 120
The Luxembourg-based satellite operator confirms a midday rebound following several weeks of continuous decline. The stock is among the leaders in the SBF 120, despite a heavy correction in June. This movement comes as the stock was attempting to stabilize its trajectory after a prolonged oversold period.
A Rebound of Over 4% Pulls the Stock Out of Its Monthly Downward Spiral
SES shares climb 4.52% to €7.17 during the session, following the recovery already observed on Monday. The stock is among the strongest gains in the SBF 120, as the broader Paris index advances by 0.4%. However, the rebound remains modest on a monthly scale: the stock still shows a decline of 24% over thirty days, a consequence of the drop that began at the end of May after reaching a multi-year high. Over three months, the performance remains positive (+15.3%), driven by the spring rally. Today's movement partially mitigates the monthly decline but does not erase it.
The Stock Moves Above Its MM200 but Remains Below Its Short-Term Moving Averages
Today's rebound brings the price to €7.17, which is 9.7% above the MM200 (€6.54), tested last week. However, the stock remains below the MM20 (€7.66) and MM50 (€7.74), with a gap of about 6 to 7% to close to reconnect with its short-term benchmarks. The RSI at 37 slowly exits the oversold zone where it had been for several sessions, without indicating a clear turnaround. The declared net short positions remain a point to watch in the coming sessions, in a stock still far from its late May highs (€8.26). The support at €6.63, close to the MM200, remains the most relevant technical benchmark to assess the strength of the rebound.
