Parabolic Stop and Reverse (SAR) suggests that we are now in an uptrendmeaning we should be long.
Ichimoku cloud suggests the same future price movement. Keep in mind that:
The Relative Strength Index (RSI), in turn, has changed its sentiment. Remeber that readings below 30 indicate an oversold market.
Finally, Bollinger Bands began expanding together with the RSI reversal suggesting that we may enter in an uptrend.
On the fundamental part, i find it important to mention recent 4 quarter results, according to which : Revenue € 70.478M (11% y/y) vs. € 70.480M, adjusted EBIT amounted to 6.946 (+ 19% y/y) vs. estimated 6.829M €, while the reported EBIT was € 1,339M and Net Losses of € 1,362.
The results include two extraordinary adjustments, one of -3.598M € of fines and -.1415M € of adjustments in the Defense and Space division (mainly for the A400M). 863 commercial aircraft were delivered, in line with the 860 of the revised objective.
The 2020 targets are:
(1) estimate deliveries of 880 vs. the 2019 revised of 860 (initially it was 880-890);
and (2) Adjusted EBIT of € 7,500M
and (3) expected generation of free cash flow (before M&A and customer financing), approximately € 4,000M, before about € -3,600m of fines and provisions payments three-digit, medium-high, in millions of Euros for legal disputes.
In addition, this morning we got the news that "European plane maker Airbus SE is close to securing a deal for around 50 aircraft from a Nigerian startup airline that previously announced plans to buy Boeing Co. 737 MAX jets, according to people familiar with the plans." It´s a positive signal, however, COronavirus should be also taken into account, as the production already experiences certain problems...
Ichimoku cloud suggests the same future price movement. Keep in mind that:
- Kijun Sen (blue line): Also called standard line or base line, this is calculated by averaging the highest high and the lowest low for the past 26 periods
Tenkan Sen (red line): The turning line. It’s derived by averaging the highest high and the lowest low for the past nine periods
Chikou Span (green line): Also called the lagging line. It’s today’s closing price plotted 26 periods behind
Senkou Span (red/green band): The first Senkou line is calculated by averaging the Tenkan Sen and the Kijun Sen and plotted 26 periods ahead. The second Senkou line is calculated by averaging the highest high and the lowest low over the past 52 periods, and plotting it 26 periods ahead
The Relative Strength Index (RSI), in turn, has changed its sentiment. Remeber that readings below 30 indicate an oversold market.
Finally, Bollinger Bands began expanding together with the RSI reversal suggesting that we may enter in an uptrend.
On the fundamental part, i find it important to mention recent 4 quarter results, according to which : Revenue € 70.478M (11% y/y) vs. € 70.480M, adjusted EBIT amounted to 6.946 (+ 19% y/y) vs. estimated 6.829M €, while the reported EBIT was € 1,339M and Net Losses of € 1,362.
The results include two extraordinary adjustments, one of -3.598M € of fines and -.1415M € of adjustments in the Defense and Space division (mainly for the A400M). 863 commercial aircraft were delivered, in line with the 860 of the revised objective.
The 2020 targets are:
(1) estimate deliveries of 880 vs. the 2019 revised of 860 (initially it was 880-890);
and (2) Adjusted EBIT of € 7,500M
and (3) expected generation of free cash flow (before M&A and customer financing), approximately € 4,000M, before about € -3,600m of fines and provisions payments three-digit, medium-high, in millions of Euros for legal disputes.
In addition, this morning we got the news that "European plane maker Airbus SE is close to securing a deal for around 50 aircraft from a Nigerian startup airline that previously announced plans to buy Boeing Co. 737 MAX jets, according to people familiar with the plans." It´s a positive signal, however, COronavirus should be also taken into account, as the production already experiences certain problems...
Views and opinions for informational purposes only. Remember, past performance is no guarantee of future results.