Air France-KLM Shares Fall 2.56% During Session in a Declining Paris Market
Air France-KLM ranks at the bottom of the SBF 120 after several weeks of significant rebound. The market context remains cautious.
Significant Decline During Session and Contact with the 200-Day Moving Average
Air France-KLM shares fell by 2.56% to €11.03 during the session, among the steepest drops in the SBF 120. The broader index fell by 0.60% and the CAC 40 lost 0.63%, in a context of widespread profit-taking on cyclical stocks. The decline occurs as the stock encounters its 200-day moving average at €11.03. Despite this, the stock remains above its 20-day (€10.74) and 50-day (€10.01) moving averages. The RSI at 63 indicates the exhaustion of a dynamic that had boosted the stock by nearly 4% over a month. The resistance at €11.74, already tested last week, remains out of reach at this stage. Over seven days, the stock has lost nearly 6%, signaling a consolidation after an exceptional spring.
Airline Carrier Stocks Fall, Weighing Down the Sector
Fuel costs represent a major expense for airlines. Airbus is down 2.17% and ADP has fallen 1.21% in the same movement. The macroeconomic context also weighs in: the dollar remains near a two-month high against the euro, following a strong US employment report that has revived expectations of tightening by the Fed. The stock is now approaching a test of its 50-day moving average at €10.01, which would serve as the first support point if the correction continues.
