Eutelsat Shares Plunge Again, Dipping Below €2.32, Becoming the SBF 120's Laggard
The satellite operator continues its descent in mid-morning trading, settling at the bottom of the broad Parisian index. Selling pressure remains unrelieved, even as the market trends upward. The stock has breached technical supports and has erased more than 40% of its value in a month.
A Slide that Propels Eutelsat to the Bottom of the SBF 120 with a 41% Loss Over a Month
Eutelsat's shares drop 4.27% to €2.22 during the session, becoming the SBF 120's laggard, while the broad index gains 0.29%. The stock has broken through its support level of €2.32 (yesterday's low) without managing to recover. The fall is part of a long-term bearish trend: the stock is down 13% for the week and over 41% for the month, erasing most of the gains from the spring rally. Despite a newly announced multi-year agreement with AST Networks on June 22 for the OneWeb LEO constellation, successive commercial announcements about low-orbit connectivity have failed to halt the correction.
Deteriorated Technical Configuration and RSI at 33 Indicate Exhaustion of Bullish Momentum
The downturn places the stock price well below its three moving averages: the MM20 at €2.99 and the MM50 at €3.01 are now more than 25% above the current price, while the MM200 at €2.68 (previously the last bastion of the long-term trend) remains 17% above. The RSI at 33 is sinking towards the oversold zone, yet shows no signs of a reversal. The break of the support at €2.32 now opens up a widened technical space towards the next distant resistance at €4.51, which is unreachable in the short term. During the 9M 2025/2026 financial report on May 12, the company reported a negative currency effect of €42 million and nearly stable revenue from its operational activities, with only the LEO activity showing a 50% increase over the year.
