SES share plunges over 50% in three months, RSI in oversold territory
The Luxembourg-based satellite operator continues its decline on Wednesday, September 2, caught between deteriorating underlying momentum and a geopolitical context weighing on European markets overall. The share remains anchored in a marked oversold technical configuration, without any stabilization signal.
An additional decline that worsens an already severe quarterly trend
SES loses 2.03% to €4.53 during the session, while the SBF 120 falls 0.46% in a climate weighed down by military escalation between Iran and the United States. Geopolitics provides a backdrop of widespread decline here: Tehran launched missile and drone strikes on Wednesday, September 2, against American installations in Jordan, Iraq, and Bahrain, an escalation that sent the VIX up nearly 11% during the session. Against this backdrop of tension, the satellite operator's share is accentuating a trajectory that remains one of the most degraded in the SBF 120 over the medium term: the quarterly decline now exceeds 50%, and the current week adds a further decline of 6.71%.
The support level breached downward during the session of September 1 at €4.83 has not been recovered, and the price is now trading well below this level. The share's ranking in the index, 108th out of 120, illustrates the persistence of selling pressure, although this is not an extreme drop on today alone.
An RSI in extreme oversold territory and three moving averages far above the price
The technical configuration of SES remains severely degraded. The RSI is at 24, in extreme oversold territory, a signal that had persisted since the rebound observed at the end of August, without enabling a lasting normalization. The price is currently approximately 31% below the 200-day moving average at €6.56, and nearly 29% below the 50-day moving average at €6.37, two gaps that testify to a well-established structural trend break. The MACD shows a slightly positive histogram at 0.02, the only potential signal of downward pressure easing in the very short term, but in proportions too modest to constitute a reversal.
The resistance at €7.40 remains out of immediate reach. The analyst opinions on the share have not changed in the available data. The next concrete reference point will be provided by the price dynamic around the recent low at €4.82, the last level tested at the low point of August 26.
