Air France-KLM Shares Hit a 12-Month Low

Technical Configuration Strengthens

At the start of the week, AIR FRANCE-KLM exhibits a technical configuration in which signals reinforce rather than contradict each other. Over the past thirty days, the stock has declined by 25.14%, a movement significantly beyond the usual threshold for an abnormal monthly variation. This decline is accompanied by a break of the technical support at €9.57, with the price dropping to €9.5180. The breach of a support level, when it coincides with such a marked monthly degradation, strengthens the coherence of the signal. Finally, the stock hits a new 12-month low during the session, at €9.3860, below the previous annual reference low of €9.4380. These three elements—monthly amplitude, support breach, and new annual low—converge towards the same interpretation and mutually confirm each other.

Indicator Analysis

Regarding indicators, the RSI is at 18, indicating a significant oversold condition. The 50-day and 200-day moving averages are at €11.31 and €11.28 respectively, well above the current price, highlighting the gap accumulated during the recent correction. The MACD, in negative territory, confirms the ongoing selling pressure. The market environment does not provide any notable counterbalance. The CAC 40 slightly declines in the session, at 7,906.50 points (-0.06%). Among comparable stocks, Airbus is up by 0.27% during the session while Safran is down by 0.59%, indicating that there is no uniform sector movement explaining AIR FRANCE-KLM's decline alone. The upcoming financial communication deadlines—first quarter 2026 results expected on April 30—will be the next observation point to assess the group's fundamentals.