Dassault Aviation Outperforms a Declining CAC 40
The Saint-Cloud aircraft manufacturer continues its recovery at midday, despite a declining CAC 40 and SBF 120. This movement allows the stock to widen the gap with its 20-day moving average and to clearly move above its long-term average. The Parisian defense sector also benefits from the momentum of Thales and Safran.
The Stock Moves Above its MM200 and Widens the Gap with the MM20
Dassault Aviation's stock gains 1.96% to €301.00, while the SBF 120 drops 0.24% during the session. The stock is among the top gainers in the SBF 120, in an index where decline predominates. Over the week, the stock has risen by 5.84%, which partially offsets the 11.1% decline accumulated over three months. The stock is now 3.78% above the 20-day moving average (€290.05) and 1.20% above the MM200 (€297.43). The MM50 remains at €310.24, which is 2.98% above the current price, indicating immediate resistance to the upward movement.
Parisian Defense Sector Supports the Session, Thales and Safran on the Rise
The rebound is part of a favorable sectorial dynamic: Thales progresses by 2.44% and Safran by 1.04% during the session. The defense compartment withstands a Parisian market weighed down by nervousness around negotiations between Washington and Tehran, as new American strikes reported in Hormozgan province have caused a rebound in the oil barrel in early Asian trading. On May 12, the stock partnered with OHB to propose the Vortex-S space plane to the European Space Agency, a project that adds to the flow of orders from the military segment. Over a year, the performance stands at -3.46%, after a low point of around €282.80 on May 19. The next technical threshold to cross is now the MM50 at €310.24, whose crossing would pave the way towards the resistance of €331.20.
