Eutelsat Communications Shares Decline After a More Than 70% Rally in 3 Months
Eutelsat Communications shares continue to fall mid-session, following a significant drop at the last close. The stock is among the biggest losers in the SBF 120, while the broader index makes slight gains. This movement comes after a spectacular rally that had pushed the satellite operator to multi-month highs.
Consolidation Follows a 71.53% Rise Over Three Months, Driven by Increased LEO Activity
Eutelsat Communications shares are down 2.69% at €3.87, ranking low in the SBF 120. The decline extends the nearly 14% drop recorded during the last session, although the satellite operator had several sessions of gains until mid-week.
The movement should be seen in the context of a very supportive underlying dynamic: the stock is up 71.53% over three months and 51.36% over a year, driven by a strategic reorientation towards low-earth orbit connectivity. LEO activity had increased by 50% year-on-year at the time of the nine-month 2025/2026 revenue release on May 12, 2026, which confirmed the annual targets. The profit-taking observed since Friday comes after this surge.
Price Remains Well Above Its Moving Averages Despite Today's Decline
In terms of indicators, the stock maintains a significant gap with its trend benchmarks. The price is 16.51% above the 20-day moving average (€3.32), 40.14% above the MM50 (€2.76), and 43.26% above the MM200 (€2.70). This distance reflects the magnitude of the recent rally and mechanically explains the current correction.
The RSI at 64 remains in bullish territory without reaching the overbought zone, which leaves room before a more pronounced exhaustion signal. The identified resistance at €4.51 remains out of immediate reach, while the support at €2.57 is significantly lower. In today's session context, the CAC 40 is up 0.17% and the SBF 120 is up 0.15%, in an environment marked by Brent crude rising above 93 dollars.
