Dassault Aviation Shares Climb Nearly 3%, Surpassing €300

Stock Surpasses €300 and Reaches its MM200 After a Challenging Quarter

Dassault Aviation shares gain 2.8% to €300.60, placing it among the strongest risers in the SBF 120, as the index itself advances by 0.68%. The rebound confirms the momentum initiated during the previous session, when the stock had already increased by 2.5%. Over a week, the stock has moved up by 1.9%, while the three-month performance remains negative at -10.5%, illustrating a rebound that mitigates the quarterly decline but does not erase it. Thales follows the trend with a +2.0% increase, and Safran more modestly at +0.5%.

Technically, crossing the €300 threshold brings the price back to its MM200 (€300.11), after several weeks below this long-term reference. The stock also trades above its MM20 (€295.41) and MM50 (€293.59), indicating a coherent recovery across different timeframes. The RSI at 48 remains in a neutral zone, leaving room before potential buying pressure.

A Defense Sector Rebound Supported by a Still Robust Order Book

Today's movement is part of a broader rebound in European defense stocks, following a consolidation phase over several weeks. The easing of inflation in the Eurozone (2.8% in June according to Eurostat) and Christine Lagarde's speech in Sintra about risks now being 'more broadly balanced' provide a supportive backdrop for cyclical and industrial stocks listed in Paris. The underlying strength of the sector is sustained by the military order book.

At the beginning of the month, India sent a formal request letter for 114 Rafales, a contract valued at €33 billion expected to conclude in 2027. The civil program is also making progress, with the first flight of the Falcon 10X conducted in mid-June at Bordeaux-Mérignac. The next technical milestone to watch is the resistance identified at €304.80, less than 1.5% from the current price.