SES Shares Bounce Nearly 2% and Attempt to Reclaim Their 20-Day Moving Average
The Luxembourg-based satellite operator regains some ground in mid-session, after several days of correction that had brought the stock below its short-term benchmarks. The rebound occurs in a well-oriented Parisian market, yet does not bring the value back to the peaks reached at the end of May.
A Technical Rebound Bringing the Stock Closer to Its 20-Day Moving Average
SES gains 1.7% at €8.36 mid-day, while the SBF 120 index is up by 0.76%. The stock ranks in the top half of the index but remains distant from today's leaders, led by Interparfums and Eutelsat Communications. The rebound is not enough to erase the recent drop. The price remains 2.45% below its 20-day moving average at €8.57, a threshold it fell below last Friday, and the weekly decline still reaches nearly 9.5%. The RSI, back to 49, indicates a return to a neutral zone after the overheating phase that accompanied the multi-year high at the end of May. The 20-day moving average is now the first technical barrier to reclaim to confirm the rebound.
An Underlying Momentum Still Largely Positive Despite Recent Corrections
The downward trend in recent sessions remains limited compared to the progress made. The stock still holds a gain of nearly 12% over one month and 40% over three months, while the performance over one year exceeds 67%. The price continues to be significantly above its long-term moving averages, with a 12.5% gap from the 50-day moving average and 30% from the 200-day moving average. This distance reflects the magnitude of the rally that began in the spring, which had driven the value to a multi-year high of €8.65 on May 21. The resistance identified at €9.89 remains the next bullish benchmark above the current price. The support at €6.67, meanwhile, limits a possible resumption of the downward movement.
