Airbus Shares Hit New High as Deliveries Soar, RSI Moves Into Overbought Territory

Airbus shares (ETR:AIR) have surged to a fresh high this morning at €217.90, supported by robust delivery figures and a record order backlog, marking a 9.81% gain since the start of 2026.

The aerospace giant's stock is now navigating a period of price discovery, with potential volatility expected as markets assess a fair valuation in light of both positive performance and emerging challenges.

The strong performance is underpinned by Airbus's impressive 2025, during which it delivered 793 commercial aircraft to 91 customers. This positive delivery trend, achieved despite operational headwinds, has significantly boosted market confidence.

The company's order backlog has reached unprecedented levels, signaling sustained demand for its aircraft and providing a solid foundation for future revenue. This backlog is a key indicator of Airbus's long-term growth potential and its ability to secure future earnings.

However, the rally may face turbulence due to concerns regarding the availability of jet engines from Pratt & Whitney. Airbus has indicated that agreements on supply volumes have yet to be finalized, raising the specter of potential disruptions to future aircraft deliveries.

Supply chain vulnerabilities, particularly concerning critical components like engines, could inject caution into the market, tempering the prevailing bullish sentiment. These potential disruptions could impact production schedules and ultimately affect Airbus's ability to meet its delivery targets.

Technical Outlook

Technical indicators also suggest a possible pause in the upward momentum. The Relative Strength Index (RSI) has climbed to 72.5, breaching the overbought threshold. While an overbought RSI is just one indicator, it suggests that the stock may be due for a correction or consolidation phase. This could lead to increased volatility in the near term as markets digest the recent gains and assess the sustainability of the rally. It is important to note that RSI signals can be less reliable when a stock is making new highs, as strong fundamental factors can override technical signals.

The contrasting forces of strong delivery performance and supply chain uncertainties create a complex outlook for Airbus. While the company's record order backlog provides a robust foundation, the potential for engine supply disruptions and the overbought technical conditions warrant vigilance.

The recent price action reflects a market grappling with both the potential upside and the emerging risks surrounding Airbus. The company's ability to manage its supply chain and sustain its delivery performance will be crucial in determining whether the stock can maintain its upward trajectory or if a period of consolidation is on the horizon.