Eutelsat Shares Soar by 17%, Breaking Key Resistance at €3.02

A 17% Surge Propels Eutelsat to the Forefront of the Paris Broad Index

Eutelsat Communications leads the SBF 120 with a gain of 17.03% at €3.66, while the index itself advances by 0.40% during the session and the CAC 40 increases by 0.34%. The stock has risen nearly 25% over the week and more than 68% over three months. This trajectory is part of the commercial momentum in the LEO segment, which saw confirmed growth with a 65% increase in this activity reported during the third-quarter revenue announcement. At that time, the company had indicated a 50% year-on-year increase in LEO revenue, despite a negative currency impact of €42 million. The Video segment, which declined by 13.3%, remains the main point of vigilance noted on this occasion.

Breaking the €3.02 Resistance Opens a New Technical Zone Unseen for Months

During the session, the stock breaks the €3.02 resistance, which had been tested several times since late April without being surpassed. The price is now 28.08% above its 20-day moving average (€2.86) and 47.70% above the 50-day moving average (€2.48). The RSI at 66 indicates a strong upward momentum, though it has not yet reached the overbought zone. Regarding short positions, reviewed statements indicate a cumulative net short position of 2.17% of the capital, held by two funds, decreasing by 0.09 points over thirty days. This modest and slightly declining level suggests that a limited portion of investors remain positioned against the stock or are looking to cover exposure, without indicating massive distrust. The next technical milestone is now at the €3.98 zone, marking the next resistance threshold after the morning breakthrough.