Airbus the ascent to stock market records still in progress
Analysis published on Monday, April 17, 2023
The action of the European aircraft manufacturer continues to appreciate in a favorable stock market environment which sees the CAC 40 align record after record. As for the Airbus share, we are not very far from it since the highest absolute levels are located at €139, or barely 8% above current prices. They had been reached just before the COVID crisis which had logically put a stop to this beautiful bullish ride.
For the moment there is no sign of excitement on the title which continues its upward movement inside a bullish channel, drawn in green on the graph above. No tension either to note for the moment on the technical indicators like the RSI which remains below its overbought zone. The signals are therefore still positive to continue the upward trend in the case and envisage absolute records in a few weeks if the markets remain as buoyant as ever.
Note that Airbus will distribute a dividend of €1.420 per share on April 25.
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