SES Shares Hit a 4-Year High and Break Key Resistance
The Luxembourg-based satellite operator continues its rapid ascent in mid-session, while the Paris market significantly declines. The stock marks a new multi-year high and breaks a closely watched technical resistance. The bullish momentum that has driven the stock for several weeks shows no signs of weakening.
A New Peak at €9.10 Extends a Rally of Nearly 17% Over the Week
SES shares are up 1.18% at €9.00 midday, after reaching €9.10 during the session. This level is a four-year high, surpassing the previous record of 2022 (€9.02). The stock is among the top gainers in the SBF 120, while the index is down 0.95% and the CAC 40 1.03%, in a climate weighed down by the French composite PMI dropping to 43.5 in May, its lowest since November 2020.
The weekly performance has reached 16.88%, driven by a series of successive records. The stock had already marked a peak at €8.65 on May 21, paused on May 22, and then resumed its ascent. Over three months, the increase exceeds 38%, and over one year, the gain is more than 78%. The rally was particularly built around the publication of the first quarter results on May 12, which served as a turning point for the stock.
Breakthrough of the €8.95 Resistance and RSI at 75 in Overbought Territory
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The intraday crossing of the €8.95 resistance is the technical highlight of the day, with the stock maintaining above this threshold after its passage. This level had previously contained the progression. The price is now significantly above its moving averages: the MM20 (€7.70) is about 17% below the price, the MM50 (€6.86) more than 31%, which measures the extent of the recent acceleration.
The RSI at 75 indicates a marked overbought condition, consistent with the steepness of the movement in recent weeks. The MACD remains positively oriented (line at 0.53, signal at 0.40), confirming the bullish momentum in place.
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)
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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.
