Airbus Shares Drop Nearly 2% and Retreat Towards Technical Support Despite Successful Inaugural Flight
The European aircraft manufacturer significantly declines at mid-session, moving against the trend of a CAC 40 that is also down, albeit to a lesser extent. The stock is among the biggest losers in the CAC 40, following other industrial cyclicals. Today's commercial announcements, including a successful first flight on a long-haul program, are not enough to halt the decline.
Airbus Stock Performance and Market Context
Airbus shares fall by 1.98% to €169.26 during the session, while the CAC 40 drops 0.44% to 8,172.96 points. The decline makes the stock one of the dead weights of the Parisian index, behind Stellantis (-3.55%) and Safran (-2.21%), among the biggest losers of the CAC 40. The decline now extends to 3.21% over a month and 6.11% over three months, while the annual performance is limited to 4.11%. The share price remains below its three moving averages, with a gap of 2.86% below the MM20 (€174.25) and 10.75% below the MM200 (€189.64). The latter, at just under €190, acts as a medium-term technical ceiling. The RSI at 50 indicates the absence of a clear directional signal, in a configuration where the stock approaches its support at €165.56, a level 2.2% from the current price.
First Flight of the A350-1000 ULR for Qantas and Macroeconomic Calendar in the Background
Airbus confirmed on June 3 the successful first flight of the A350-1000 ULR destined for Qantas, equipped with an additional central tank for ultra-long-haul routes. The certification test campaign will span two months, as detailed in the information communicated by the group. The news is not enough to offset the pressure on European cyclicals, in a climate where the automotive sector also weighs on the stock market. The stock also remains under the impact of uncertainties around the conflict in Iran and the rise of Brent to $95. The next key event for the stock remains the support at €165.56, whose holding or breaking will determine the short-term dynamics.
