Eutelsat Communications Shares Plunge Nearly 14%, Lagging Behind in the SBF 120

A Sharp Profit-Taking That Brings the Stock Below the €4.51 Resistance

Eutelsat Communications loses 13.86% to €3.8850 during the session, down from €4.51 the previous day. The decline makes the stock the worst performer in the SBF 120, which is up 0.82% at midday. The movement comes after a bullish phase documented by a 93% increase over three months recorded on Thursday. Despite today's drop, the quarterly performance remains at 72.28% and the annual gain at 51.57%. The price has fallen below the previous technical high of €4.51, which now acts as resistance. The RSI at 86, in a marked overbought zone before the session, indicated a tense configuration: the price was 19% above the MM20 (€3.26) and 42% above the MM50 (€2.73). The gap with these moving averages, still considerable after the drop, illustrates the extent of the journey since February.

LEO Dynamics Remain the Fundamental Driver Despite Today's Correction

The operational backdrop, however, has not changed. During the revenue announcement for the first 9 months of 2025/2026, on May 12, 2026, satellite connectivity in low Earth orbit had grown by 50% year-over-year, confirming the group's strategic reorientation. On May 26, Eutelsat also signed a multi-year agreement with Anuvu for in-flight connectivity via the Eutelsat 10B satellite. On the risk side, the company had reported during the same announcement an unfavorable currency effect of 42 million euros for the period. The MACD remains positive (line at 0.42, signal at 0.28), but the magnitude of today's decline brings the price closer to the MM20 at €3.26, the first technical cushion identifiable. No short-term publications are expected on the stock, with the next major milestone being the announcement of the annual results for 2025/2026 in the coming months.