SES stock rebounds 2.5% but remains weighed down by RSI at 26
The Luxembourg-based satellite operator posted an appreciable rebound this Friday, standing out notably in a rising SBF 120 index. This upturn occurs as the stock remains stuck in a pronounced downward trend over three months, with the company unveiling a new hybrid broadcasting platform today.
A 2.25% rebound that places SES among the best performers of the SBF 120
SES gains 2.25% to €4.72 during the session, after closing at €4.62 the previous day. The stock thus ranks among the strongest gains of the SBF 120, with the index itself advancing 0.58%. This rebound nevertheless occurs against a backdrop of persistent downward pressure: the stock has declined a further 12.07% over one month and 40.3% over three months, reflecting structural erosion that has been in place since spring.
Today's session contrasts with September 9, when the stock continued to retreat in a SBF 120 under pressure. The movement also coincides with the launch of SES Core, a hybrid broadcasting platform announced Friday and designed for broadcasters and media groups wishing to launch new channels or expand into other regions.
A technical configuration in deep oversold territory despite today's rebound
Today's rebound is insufficient to erase accumulated technical pressure. The price remains well below its three moving averages: the 20-day moving average stands at €4.96, representing a gap of -4.80%, the 50-day at €6.10 (-22.59%) and the 200-day at €6.54 (-27.80%). This positioning illustrates the extent of the downward trend initiated several weeks ago, with its floor tested around €4.62 during Thursday's session, a level close to the support identified at €4.62.
The RSI at 26 signals a marked oversold configuration, consistent with similar episodes observed during previous rebounds (the stock had risen more than 2.5% on September 7 with an RSI at 25). Resistance at €5.76 represents the next significant level, still far from the current price, illustrating the considerable ground to be made up to restore a more favorable dynamic.
