SES Stock Rebounds Nearly 3% but Remains Below Its 20-Day Moving Average at €8.60
The Luxembourg-based satellite operator is regaining some ground in the early afternoon within a notably bullish Parisian market. However, the stock remains below its multi-year highs reached at the end of May. Today's rebound is enough to offset the decline accumulated over the week.
A 2.84% Rebound That Does Not Bring the Price Above the 20-Day Moving Average
SES gains 2.84% at €8.33, within an SBF 120 that is up by 1.79%. The stock benefits from the general buying mood on the Parisian exchange, fueled by a relaxation in oil prices and a significant drop in the VIX (-15.21%). This session follows a slight rebound observed at the beginning of the week, after an initial attempt to reclaim the 20-day moving average. However, the price remains below this moving average at €8.60 (a gap of -3.14%), a threshold that the stock has not been able to cross since its correction in early June. The RSI at 48 indicates a neutral movement, without directional excess. Over the week, the stock still loses 2.74%, a consequence of the downturn that began after the multi-year high at the end of May.
An Intact Underlying Momentum, with a Nearly 60% Gain Over One Year
Despite the recent pullback, the medium-term trajectory remains solidly upward. SES shows a performance of 11.59% over one month, 32.96% over three months, and 59.27% over one year, supported by the 50-day moving average at €7.54 and the 200-day moving average at €6.46, both well below the current price. The sectoral context remains favorable, with the company having announced in early June a contract to equip 100 Airbus aircraft from the Mexican airline Viva with multi-orbit satellite connectivity. Moreover, the session takes place in an environment of tightened interest rates, following a 25 basis point increase by the ECB, which sets the deposit rate at 2.25% starting June 17th. The next technical milestone to watch is the crossing of the 20-day moving average at €8.60, which would condition a resumption of the short-term upward trend.
