Airbus Shares Climb 2.5% Breaking Through €195 Resistance, Among Top Three in CAC 40
The European aerospace manufacturer makes a strong mid-morning advance in a generally declining CAC 40. The stock surpasses a closely watched technical milestone and rises to the top trio of the Paris index. Easing oil prices, combined with a steady flow of trade announcements, fuel appetite for aerospace stocks.
Airbus Breaks €195.10 Resistance and Rises to Second Place in CAC 40
Airbus shares gain 2.46% to €199.32 in the session, trailing only Renault (+3.91%) among the top risers of the CAC 40, while the Paris index itself is down 0.34%. The stock broke through its €195.10 resistance earlier in the morning and remains above it, a technical signal that extends the bullish momentum initiated several weeks ago. The price is now well above its 20-day moving average (€184.76, a +7.88% difference) and its 50-day MA at €177.72, while the RSI at 66 approaches the overbought zone without tipping into it.
The three-month performance is nearly 24%, driven by a series of commercial contracts and the decline in kerosene prices. This movement fits within an environment of receding inflation in the eurozone, with French HICP back to 2.0% in June due to falling energy prices, indirectly relieving the aviation sector.
Robust Commercial Flow and Analyst Endorsement Reinforce Trajectory
The manufacturer has been announcing a series of trade deals recently, including the order of 18 A330-900s by Scandinavian airline SAS on June 30, followed by the sale of two medicalized H135s to Nigeria announced on June 27. These contracts extend a sustained series since the ILA Berlin show in early June (partnerships with Kawasaki on the Eurodrone, a €345 million contract for Sentinel-1 NG radars, an order of 12 helicopters for Romania). Regarding analyst opinions, CIC Market Solutions reaffirmed on June 30 its buy rating on the stock, with a target maintained at €225, representing a potential of about 13% compared to the current price. The next resistance identified is now around €220, a threshold that roughly aligns with CIC's target.
