Safran stock declines 6.8% over one month and breaks its 30-session floor
The aerospace engine manufacturer continues its decline in morning trading, in a CAC 40 also oriented downwards. The stock comes on the eve of its third quarter revenue figures, with recently formed resistance that becomes a level to recapture.
A stock below its three moving averages after the break of support at 310.80 €
The Safran stock declines 1.82% to 308.20 € during the session, against a CAC 40 down 1.42%. The price has fallen below the 200-day moving average (317.72 €, or 3% above) and now trades below all three moving averages: the 20-day MA at 321.71 € and the 50-day MA at 331.10 € remain respectively 4.2% and 6.9% above. The 30-session low, at 310.80 €, has been breached downwards and becomes a resistance level, while the RSI at 34 remains above the oversold zone.
Over one week, the loss reaches 2.13%, and the stock remains 6.8% below its level from one month ago. In the CAC 40 ranking, Safran is positioned in the lower part of the index, without featuring among the session's biggest decliners, which are dominated by Hermès, STMicroelectronics and ArcelorMittal.
Third quarter revenue expected Friday, October 23
Safran publishes its third quarter 2026 revenue on Friday, October 23, which is tomorrow. The group also announced on October 20 that its SkyNaute inertial navigation system will equip the Airbus A220, and CFM and Turkish Airlines signed on October 16 a protocol for over 300 LEAP-1B engines. On the shareholder side, the group has executed approximately 89% of its 375 million € buyback program announced on September 18, or 335 million € as of October 20.
The session is also taking place in a context of tension on French debt: the 10-year OAT is at 4.99% according to the latest reading from the Banque de France on October 21, and the spread with the Bund reaches 1.58 percentage points. Tomorrow's publication is the appointment that will clarify the activity dynamics.
