Eutelsat Shares Sink Below €2.12, Marked Decline in SBF 120

The stock sinks below €2.12 and remains deeply below its moving averages

Eutelsat shares are down 2.08% at €2.1150 during the session, in an SBF 120 that is down by 0.81%. The stock continues the decline that began at the end of May, with a loss of nearly 11% over the week and 47% over the month. The price is below the 20-day moving average at €2.87 (a gap of -26.31%) and below the 50-day moving average at €3.00 (a gap of -29.50%), confirming a short-term trend break. The RSI at 29 indicates seller exhaustion after several weeks of continuous decline, yet does not signal any visible stabilization in the price. The stock has successively breached thresholds of €2.79, €2.55, then €2.38 during June, before slipping below €2.12. The MACD remains downward oriented, with a line at -0.26 below the signal line at -0.18. The one-month volatility at 21.11 reflects the amplitude of recent movements in the stock.

Sustained commercial dynamics that do not halt the stock's correction

The downward trend contrasts with a regular flow of commercial announcements concerning low-orbit connectivity. Notably, Eutelsat secured the CENTAURE contract with the French Ministry of Armed Forces announced on June 15, worth up to €350 million over eight years. The company also expanded its maritime partnership with AST Networks on June 23, and signed LEO distribution agreements with Mercury in Angola and Voimatel in Finland in recent weeks. At the nine-month revenue publication for 2025/2026 (on May 12, 2026), the company highlighted a 50% year-on-year increase in LEO activity revenue, while noting a negative currency impact of €42 million for the period. The sector context remains marked by SpaceX's IPO on June 11, intensifying competition in the low-orbit constellation segment. The identified technical support threshold is at €2.16, now breached during the session.