SES Shares: New Peak Since the Covid Crash, +90% Over a Year
The Luxembourg-based satellite operator continues its forward march, setting a new multi-year high during the session. The stock is among the strongest gains in the SBF 120, while the Parisian market declines. The rally that began in the spring shows no signs of abating for now.
A New Record at €9.61, Following a Spectacular Rally
SES shares gained 1.65% to €9.5750 mid-session, after touching €9.61 intraday, its highest in over six years. The previous record, at €9.51, dated from early 2020, amidst the collapse due to the COVID-19 crisis. The stock is among the strongest gains in the SBF 120, while the broader index is down by 0.23%. The sequence is impressive: nearly 15.3% over the week and a gain of 89.98% over a year. The stock has already broken several technical levels watched in recent weeks, including the resistance at €9.42, now behind it. The crossing of this zone was confirmed on Tuesday, paving the way for the peak recorded this Thursday.
A Marked Overbought Configuration and a Price 51% Above the MM200
The rally leaves technical indicators in an area of extreme tension. The RSI at 80 indicates a clear overbought configuration, consistent with a bullish pace that has not weakened for several weeks. The MACD remains positive (0.61 against 0.46 for the signal line), confirming the ongoing momentum. The price is significantly above its moving averages: +20.3% compared to the MM20 (€7.96), +37.0% compared to the MM50 (€6.99), and +51.7% above the MM200 (€6.31). Such a gap from the long-term average reflects the magnitude of the movement since the April low, when the stock just passed above €6.32. The performance is +51.4% over three months, placing SES among the strongest progressions in the broad sector. The next technical reference point is now the day's peak at €9.61.
