Airbus Shares Rise 2.7% at Opening, Crossing 200-Day Moving Average
The European aerospace manufacturer starts the session with a strong increase and is among the leaders of the CAC 40. The stock continues a movement begun several sessions ago, in an energy environment much more favorable to air transport. The relaxation of oil prices, following the agreement between Washington and Tehran, supports the momentum of cyclicals exposed to kerosene.
Airbus Among the Leaders of the CAC 40, Driven by Brent's Drop
Airbus shares gain 2.87% to €192.38 at the opening, just behind Legrand among the top risers of the CAC 40. The increase follows the sharp relaxation of oil prices: Brent has lost nearly 15% in four sessions to stabilize around $80, after the US-Iran agreement announced at the G7 in Évian and the prospect of reopening the Strait of Hormuz. For aircraft manufacturers, this decline indirectly relieves customer airlines, whose kerosene bills weighed on orders.
The movement extends the rebound observed over the past week, with the stock now up nearly 10% over seven days and 14.7% over a month. The session also follows a busy industrial news cycle, marked yesterday by the delivery of the first H135 to the Canadian FPNA program, and on June 16 by the signing with OCCAR to evolve the A400M into a combat platform.
The Stock Crosses its 200-Day MA and Approaches the €220 Resistance
Crossing the 200-day moving average (€189.58) is the technical highlight of the day: the price moves back above this medium-term benchmark, with a gap of 1.5%, after several weeks of oscillating below it. The rise is supported by already well-oriented short averages, with the price 9.3% above the MM20 (€176.09) and 10.4% above the MM50 (€174.25). The RSI at 64 remains below the overbought threshold, leaving room before a fatigue signal.
The next identified threshold in the data is the resistance at €220.20, still about 14% from the current price. Over a year, the stock now shows a performance of nearly 20%, having erased the decline accumulated in the spring.
