SES Stock Rebounds 2.5% Following Extension of Partnership with Elveo Mobile
The Luxembourg-based satellite operator is showing renewed strength on Thursday, ranking among the most dynamic values on the index in a broader European market oriented upward. This rebound comes two days after the expansion of its partnership with Elveo Mobile, against a backdrop of persistent monetary and geopolitical tensions at the global level.
A Rebound of 2.38% That Brings the Stock Above Its 20-Day Moving Average, in a Well-Oriented Market
SES advances 2.38% to €4.90 during the session, thus gaining ground on the 20-day moving average which stands at €4.83, representing a positive gap of 1.37%. This signals short-term improvement, but remains insufficient to erase underlying pressure: the stock remains well below its 50-day moving average at €5.82 (gap of nearly 16%) and its 200-day moving average at €6.53 (gap of 25%). The RSI at 34 remains in near-oversold territory, reflecting a still-fragile technical configuration despite today's rebound.
The index context supports the session: the CAC 40 advances 0.58% and the SBF 120 rises 0.57% during trading, in an environment where the VIX declines notably to 15.93, compared to 17.71 the previous day. Over the week, SES records a gain of 4.48%, but quarterly pressure remains severe with a decline of 33.84% over three months. The next resistance level is located at €5.47, approximately 12% above the current price.
The Extension of the Partnership with Elveo Mobile, Announced on September 15, Reignites Interest in the Stock
Today's bullish momentum follows in the wake of the extension of the partnership with Elveo Mobile announced on September 15, 2026, aimed at accelerating the deployment of direct-to-device satellite connectivity services on the European market. The two parties plan to establish dedicated manufacturing capabilities and supply chain infrastructure in Europe. This agreement extends the strategic investment that SES had made in Elveo Mobile in August 2026, a company resulting from the merger of Lynk and Omnispace.
The geopolitical context surrounding the Strait of Hormuz and rising gas prices in Europe, with TTF trading around €80/MWh, maintain cost pressures across the telecommunications and infrastructure sectors. Furthermore, the Fed raised its rates by 25 basis points to 3.75%-4.00% on Thursday, which fuels more restrictive financial conditions likely to weigh on growth stock valuations in the medium term. In this context, the €5.47 resistance level constitutes the next technical threshold to monitor to confirm the strength of the ongoing rebound.
