SES Stock the Laggard of SBF 120, Under Pressure for Three Weeks
The Luxembourg-based satellite operator opens the session in the red, extending the downward spiral that began three weeks ago. The stock finds itself at the bottom of the broader Parisian index as geopolitical easing continues to weigh on satellite-related values.
The Stock Falls to the Bottom of the SBF 120 and Deepens Its Monthly Decline
SES stock drops 2.24% to €6.99 at the opening, marking the sharpest decline in the SBF 120 this Monday morning. The movement extends a very negative dynamic: the stock has lost 15.21% over a week and nearly 21% over a month, erasing a large part of the spring rally. The previous session had already seen the price break its support at €7.11 intraday, down to a low of €6.94, before a rebound at the close to €7.16.
The sectoral context remains unfavorable: the confirmation by CENTCOM that the Strait of Hormuz is not closed and the relative easing of tensions in the Middle East have weighed on defense and satellite-related values for several sessions, which had benefited from a risk premium in the spring. Over three months, the balance remains positive (+16%), reflecting the extent of the previous rally.
Below Short-Term Moving Averages, MM200 at €6.51 Becomes the Next Reference Point
The technical configuration has significantly deteriorated. The price is now 16.63% below the MM20 (€8.39) and 8.92% below the MM50 (€7.68), confirming the loss of control of short and medium-term benchmarks. Only the MM200, at €6.51, remains below the current price, with a reduced cushion of 7.45%. This long average becomes the next level of attention after the break of €7.11 in the previous session.
The RSI at 36 indicates persistent selling pressure without entering a characterized oversold zone, while the MACD remains negative (-0.23) with a histogram at -0.20, in bearish territory. The one-month volatility stands at 12.53, reflecting the recent amplitude of movements. For the record, the stock had reached a multi-year high at €8.26 on May 20, before beginning this correction that has already erased more than 15% in a few weeks.
