Safran Shares Climb 5% and Break Key Resistance at €305.70

Strong Opening and Technical Breakthrough

Safran gains 5.05% to €310.20 at the opening, up from €295.30 at the previous close. This rise positions the stock among the top performers in the CAC 40, which itself is up by 1.57%. The movement is part of a broader sectoral momentum, with European cyclical stocks (Stellantis, Kering, Renault) driving the index this morning. The breakthrough of the resistance at €305.70, which had been tested several times in recent weeks without being breached, marks a technical milestone. The price also moves back above its 200-day moving average at €300.09 (a gain of +2.27%), while staying above its 20-day moving average at €291.78 (+5.18%). The RSI at 53 remains in the neutral zone, indicating that the movement does not yet reflect an overheated configuration.

Increased Industrial Pace and Favorable Aeronautical Context Amid Middle East Tensions

Fundamentally, the group confirmed in early June a significant ramp-up in its AASM Hammer air-to-ground weapon production, as detailed in an industrial update published on June 9: production is expected to increase from about 200 units in 2022 to nearly 1,400 by 2026, with a target capacity that could reach 2,000 units per year. This industrial visibility is set against a backdrop of a also supported civil aeronautical context, while the recent surge in Brent crude (back to around $88 after peaking above $92) had weighed on the sector at the start of the week. The noticeable easing this morning on the barrel, amid talks of a possible peace agreement in the Middle East, mechanically relieves pressure on airline customers of engine manufacturers. Over one year, the stock now shows a gain of 18.08%. The next technical threshold is now above the €305.70 crossed this morning, a level that will need to be confirmed at the close.