Air France-KLM shares hit a 250-session high, up 31.5% in one week
The Franco-Dutch airline group continues its rebound in mid-afternoon trading on a well-oriented Paris market. The stock has left the consolidation zones it had been trading in for months and now ranks near the top of the broader index, while oil prices fall sharply.
Several technical levels cleared, which the stock is turning into support
Air France-KLM shares gained 2.66% to €14.30, well ahead of the SBF 120 (+1.12%), and ranked among the strongest gains in the index.
The stock broke above its highs of the last 30, 150 and 250 sessions, located between €13.93 and €13.98. These levels now act as support, placing the price well above the 200-day moving average, with a gap of 27%.
The move extends a clear upward trend: +31.4% over the week and +34.4% over one month. The RSI at 82 signals an overbought condition, and the next round level is at €14.50.
On the analyst side, BofA Securities raised its price target on November 9 from €12 to €14 while maintaining its sell rating, which places the new target slightly below the current price.
Falling oil prices and a supportive market environment underpin the stock
Following third-quarter results published on November 5, the group highlighted an adjusted operating result of €1,346 million, up €126 million, as unit revenues offset higher fuel costs.
Brent crude, at $90.10 per barrel, fell 2.67% during the session and is down 15.4% since November 2, after exceeding $115 at the end of October.
The CAC 40 gained 1.12%, while the VIX volatility index dropped to 20.15 from 25.64 the previous day. Among related stocks, Airbus rose 2.5% and ADP 0.59%.
According to the consensus of covering analysts, the stock trades at about 4.5 times current-year earnings. The next key figure to watch is the €14.50 level, above the current price.
