SES share breaks below its 4.62 € support and loses 36.5% over three months

The 4.62 € support breached downward, the stock in the lower ranks of the SBF 120

SES is down 3.47% at 4.56 € during the session, after closing the previous day at 4.72 €. The stock has broken through its 4.62 € support threshold during the session and remains below it, at the bottom of the SBF 120 which itself is declining by 0.83%. This downward breach is part of momentum showing no signs of improvement: the stock is down 7.4% over one month and 36.56% over three months, far from the 8.26 € reached in May.

The RSI at 38 remains in the lower zone with no reversal signal, while the 20-day moving average at 4.78 € and the 50-day moving average at 5.53 € weigh as two resistance levels above the current price. The next identified resistance is located at 5.47 €, representing a gap of nearly 20% compared to the current price.

Dividend confirmed, new board member and factory under construction: announcements fail to support the stock price

SES nevertheless multiplied press releases in less than 24 hours. The group confirmed on September 23 that it targets a dividend of at least 0.50 € per Class A share for 2026, with payment scheduled for October, as part of its shareholder return commitment. On the same day, Michel Scholer, secretary general of the Luxembourg government and chief of staff to the Prime Minister, joined the board of directors with immediate effect. In parallel, SES launched the construction of a satellite manufacturing facility in Kockelscheuer, scheduled to open in 2028, as part of a vertical integration strategy and the development of a space campus in Luxembourg.

These factors were insufficient to reverse the selling pressure of the day. The 31 million euro share buyback program, announced in June 2026 and executed at approximately 6% in mid-August, offers limited support against the scale of the quarterly decline.