SES stock rebounds over 2.5%, despite RSI in oversold territory at 25

An intraday rebound that places the stock among the strongest gainers on the SBF 120

SES stock is up 2.64% to €4.90 during the session, compared to the previous close (Friday, September 4) at €4.774. This rebound places the stock among the strongest gainers on the SBF 120, in a nearly flat market: the CAC 40 is up 0.13% and the SBF 120 up 0.09% during the session. The stock is holding up particularly well given that the past week remains slightly in the red (-0.97% over seven days), and that the quarterly pressure remains crushing: the decline has reached nearly 41% over three months, highlighting the magnitude of accumulated losses.

An RSI in pronounced oversold territory, below three widely-spaced moving averages

The technical configuration remains deteriorated despite today's rebound. The price of €4.90 is well below the three moving averages: the 20-day MA at €5.13 (gap of -4.48%), the 50-day MA at €6.32 (-22.47%) and the 200-day MA at €6.56 (-25.30%). These gaps illustrate the magnitude of the downtrend established since spring, a period when the stock had already flirted with lows in extreme oversold territory at the end of August.

The RSI at 25 remains in marked oversold conditions, a level that reflects exhausted selling but does not in itself constitute a reversal signal as long as the price does not break back above its moving averages. The first resistance level to watch is at €7.24, representing an increase of nearly 48% from the current price, which illustrates the scale of the ground to be covered to recover positive momentum. The support at €4.63 remains the key level not to break to the downside to consolidate this rebound.