Eutelsat Communications Stock Drops Nearly 22% in a Month, Threatening Its Support at €2.16
The satellite operator continues its decline at midday in the Paris market, while the CAC 40 remains stable. The stock is sinking deeper into the depths of the SBF 120 and struggles to stop the downward spiral that began in late May. The technical context remains largely unfavorable.
A Slide Towards the €2.16 Support Bringing the Stock Closer to a Key Threshold
Eutelsat Communications stock loses 1.88% to €2.3010 during the session, bringing its decline to nearly 22% over a month. The stock is now approaching the support identified at €2.16, a threshold that is only about 6% away from the current price. The RSI at 40 indicates the exhaustion of the buying momentum without yet signaling a marked oversold condition, while the stock is significantly below its three moving averages, with a gap of more than 20% from the MM50 at €2.91. This configuration extends the bearish sequence already observed during Monday's session, where the €2.16 support had already been identified as the next test zone.
LEO Commercial Dynamics Insufficient to Counter Selling Pressure
Operationally, the publication of the nine-month 2025/2026 figures, communicated on May 12, 2026, highlighted a 50% increase in LEO activity revenue year-over-year, offset by a negative currency effect of €42 million and a nearly stable operating revenue. The commercial flow remains strong around the OneWeb constellation, with the Centaur contract signed with the Armed Forces for a maximum amount of €350 million over eight years, and an expanded maritime partnership with AST Networks at the end of June. However, these announcements have not reversed the trend: the stock has lost nearly 17% over the year and is moving against the current of the SBF 120, which shows slight gains at mid-session. The next step to watch remains the stock's behavior as it approaches €2.16.
