Rolls-Royce shares test GBX 1,350 despite major Avolon engine order
Rolls-Royce has secured another sizeable Civil Aerospace order, yet the market has largely brushed aside the positive news. After an attempted recovery, sellers have regained control.
Rolls-Royce announced an order from Avolon for 70 Trent 7000 engines to power 35 Airbus A330-900 aircraft. The Trent 7000 is the exclusive engine for the A330neo family, so the deal further expands Rolls-Royce’s installed base in the widebody market.
The company noted that the Trent 7000 fleet has already accumulated more than 5 million flight hours, while Avolon sees the A330neo as an important aircraft for fleet renewal and expansion over the coming years. For Rolls-Royce, the order supports not only engine sales but also the long-term service base of its Civil Aerospace business.
Rolls-Royce risks a 200 SMA test below GBX 1,350
The scenario from the previous analysis played out only partially. The price reached the lower end of the GBX 1,400 target zone, but Rolls-Royce shares reversed sharply on 13 October, falling below GBX 1,350 and testing the GBX 1,345 area.
That leaves GBX 1,350 as the key level for today’s session.
If the shares remain below it and establish a sustained hold there, the risk of a deeper correction towards the 200-day SMA near GBX 1,333 would rise considerably. A break below the moving average would then expose support around GBX 1,310.
A hold above GBX 1,350 would point to a different setup. In that case, the latest breakdown could prove false, opening the door to a short-term rebound towards GBX 1,380–1,400.
Strong orders are no longer enough to support the shares
The Avolon order reinforces the strength of the commercial backdrop in Civil Aerospace, but the 13 October price reaction points to a shift in sentiment. After an extended rally, investors appear increasingly willing to lock in profits even when company-specific news remains constructive.
As long as Rolls-Royce stays around GBX 1,350, the move still looks more like a technical correction than a broader deterioration. A break below the 200-day SMA, however, would make the decline considerably more significant.
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