Eutelsat Shares Soar 73% in Three Months, Boosted by LEO Satellite
Eutelsat Communications' stock continues its upward trend in mid-session trading, while the Paris stock market moves into the red. The stock has been making steady gains over several sessions and is now significantly distancing itself from its moving averages. The momentum is sustained by a strategic shift towards low-orbit satellite connectivity.
Eutelsat Breaks €4 Barrier with a Weekly Gain of Nearly 42%
Eutelsat Communications' stock is up 1.05% at €4.03 during the session, while the SBF 120 is down 0.89% and the CAC 40 declines by 0.91%. The stock has risen nearly 42% over the week and 73% over three months, supported by the dynamics of low-orbit satellite activity.
On May 12, the operator posted its third-quarter 2025-2026 revenue at €293.0 million, up 3.1% on a comparable basis, with LEO acceleration at +65%. At this announcement, the company confirmed its annual targets, while noting a negative currency effect of €42 million over nine months. The bullish sequence accelerated from May 21, after breaking through the €3.02 resistance level, which had capped several attempts since late April.
RSI at 81 Indicates Significant Momentum After Breaking €3.99 Resistance
The stock price has crossed the resistance threshold identified at €3.99 and is now trading at €4.03, which is 34% above the MM20 (€3.01) and 50% above the MM200 (€2.68). The gap to the moving averages has widened in a few sessions, a consequence of the surge recorded since May 21.
The RSI at 81 signals a pronounced overbought condition, consistent with the magnitude of the weekly movement. The MACD remains upwardly oriented, with a line at 0.28 against a signal line at 0.19.
The €3.99 threshold, now converted into a reference zone, remains the closest technical marker after the extension of the movement.
