(Finance) – Down Airbus, which presents a heavy drop of 10.83% on the Paris Stock Exchange. The worsening forecasts on the progress of the exercise contribute to depressing the shares of the European civil aeronautics giant. In fact, Airbus announced last night a cut in estimates for the current yearanticipating deliveries for 770 aircraft compared to the 800 previously indicated and one Expected EBIT of 5.5 billion, well below the indicated range of 6.5-7 billion euros. Free Cash Flow is indicated at 3.5 billion against the 4 billion estimated in April.
The weekly analysis of the stock compared to FTSE MIB shows a lag behind the index in terms of relative strength of Airbuswhich performs worse than the reference market.
The medium-term scenario of Airbus confirms the negative trend of the curve. However, the analysis of the short-term chart highlights an easing of the bearish phase preparatory to a rise towards the first resistance area seen at 136.7 Euros. Support at 130.7. Any positive elements support the achievement of a new top seen in the 142.7 area.