Following a spectacular rally that took the Luxembourg-based satellite operator to a multi-year high, the stock is distancing itself from its recent highs. Today's session marks a clear break from the momentum of the past few weeks, in an otherwise positive Parisian market.
Significant Profit-Taking as the Index Rises by 0.8%
SES shares fell by 2.48% to €9.64 at midday, going against the trend of the SBF 120, which is up 0.80%, and the CAC 40, which has risen by 0.81%. The stock is among the biggest losers in the SBF 120. The movement today does not call into question the underlying dynamics: the stock still holds a gain of 9.17% for the week and more than 52% over three months. Over a year, the increase reaches nearly 90%. The stock remains well above its three reference moving averages, with a gap of more than 19% over the MM20 at €8.10.
RSI at 83 Indicates Overbought Condition After Spring Surge
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Today's consolidation occurs in a tense technical context. The RSI has reached 83, a level historically associated with a risk of short-term reversal, after several weeks of almost uninterrupted gains. The stock is still trading below its historical resistance at €9.89; the stock has attempted to break through this level in recent sessions, making it a key resistance. The one-month volatility stands at 12.45%, reflecting the magnitude of recent movements (alternation of strong rise sessions and profit-taking like that observed on May 15, where the stock had dropped 5.19%). The next key technical support is at €6.36, which is significantly below the current price. In the short term, the stock's performance will depend on its ability to stabilize above the €9.89 zone.
SectorTélécommunications›Équipements de Télécommunications
Context
Period
Period: 3T/9M 2025
Guidance from the release
I am pleased to report our solid 9 months 2025 results which include the first quarter for the combined company following the successful close of the Intelsat acquisition on 17 July 2025.
Croissance tirée par le segment Networks (Aviation, Government), intégration d'Intelsat en bonne voie, carnet de commandes brut de €7,1 billion, lancements O3b mPOWER 9 & 10 réussis et règlement d'assurance partiel d'environ $87 million.
Risks mentioned
Risque de ne pas atteindre les synergies attendues de l’acquisition d’Intelsat
Retards ou échecs de lancements ou problèmes opérationnels des satellites
Risques réglementaires et obtention d’approbations
Pressions concurrentielles et évolution technologique réduisant la demande
Opportunities identified
Positionnement multi-orbit renforcé pour capter la croissance longue durée
Expansion du business Aviation (plus de 3,000 tails; 200 nouveaux tails gagnés depuis clôture)
Augmentation de capacité et résilience avec les satellites O3b mPOWER supplémentaires
Carnet de commandes et renouvellements importants (nouveau business et renewals > €1,4 billion YTD)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
