Airbus share breaks through its 193.38 € support level and slides towards recent lows
The European aircraft manufacturer ranks among the worst performers on the CAC 40 this Friday, as the stock has broken below a technical threshold that has been monitored for several sessions. The momentum occurs in a context of a Paris market that is nonetheless slightly oriented upwards, which reinforces the specific nature of this decline in the stock.
A support level broken during the session that extends the monthly decline of 5%
Airbus share is down 1.09% to €192.27 during the session, while the CAC 40 is gaining 0.35%. The stock broke through its support level of €193.38 on the downside during the morning session and remains below the threshold, trading at €192.27 by late morning. This breach amplifies a decline that has stretched to -5.15% over the past month, continuing a downward pressure that had already pushed the stock below this same threshold several times in September. Both short and medium-term moving averages confirm this configuration.
The price is trading below the 20-day moving average at €197.01 (variance of -2.41%) and below the 50-day moving average at €203.16 (variance of -5.36%). Only the 200-day moving average at €189.69 remains slightly below the current price, offering a reference point to monitor in the lower range of prices seen in recent weeks. The RSI at 41 does not yet signal an oversold configuration, leaving the selling pressure without a clear sign of exhaustion for now.
A 25-year cybersecurity contract and an analyst rating maintained at buy
In the recent news for the aircraft manufacturer, the Paracom contract, secured on September 23 from the General Directorate of Armament, places Airbus at the heart of the Defence Ministry's cybersecurity networks for a quarter of a century. The award, resulting from open competition, illustrates the group's diversification beyond civil aviation, notably in the defence and space segments that have concentrated several notifications this autumn. On the analyst ratings front, CIC Market Solutions maintains its buy opinion on the stock this Friday, with an unchanged price target of €240.
At the current price of €192.27, this represents an upside potential of nearly 25%. The support level at €193.38, now broken, constitutes the first reference level in the immediate term, while the 200-day moving average at €189.69 represents the nearest technical floor in the event of a continued decline.
