SES Shares Take a Breather After Reaching a Multi-Year High Since 2022
Mid-session halt for SES. After several days of soaring, which brought the stock to a multi-year high, the Luxembourg-based satellite operator is losing ground and is among the lower performers in the SBF 120. The decline occurs in a Parisian market trending upwards.
SES Shares Give Back Some Gains After a Spectacular Rally
SES shares are down 2.38% at €8.62 at midday, compared to €8.83 at the previous day's close. The stock is among the steepest declines in the SBF 120, while the broader index is up 0.50% in the session. The decline remains modest in light of recent dynamics: over the week, the gain still reaches 6.42%, and over three months, the increase exceeds 34%. Over one year, the performance is nearly 68%.
The movement comes after a session that had brought the stock to €8.65, its highest since 2022. Today's decline brings the price below the technical resistance identified at €8.83, which precisely corresponded to the previous close. The CAC 40, meanwhile, is up 0.47% at 8,124 points, while the SBF 120 reaches 6,180 points.
RSI at 75 Indicates Overbought Condition Following the Stock's Surge
Today's correction occurs in a tense technical context. The RSI has climbed to 75, in a characterized overbought zone, after several sessions of rapid progression. The price is significantly above its moving averages: the MM20 (€7.48) is exceeded by more than 15%, and the gap to the MM200 (€6.25) is nearly 38%. This detachment from long-term technical references is consistent with the mid-session breather observed.
The one-month volatility is measured at 12.46, reflecting the amplitude of recent movements on the stock. The downward crossing of the €8.83 threshold now places this level as an immediate resistance, while the short moving averages provide the first technical benchmarks below the current price.
