AIR.PA pops to highest close since Inception
Airbus SE (AIR.PA) Technical Analysis Report for Jun 14, 2018
AIR.PA ended Thursday at 104.56 surging €4.38 (4.37%) on high volume. This is the biggest single day gain in over three months. Today's closing price of 104.56 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 100.96, the share confirms its breakout through the prior session's high having traded €3.78 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (AIR.PA as at Jun 14, 2018):
Thursday's trading range was €5.28 (5.31%), that's far above last trading month's daily average range of €1.92. Weekly volatility is also higher, being above the markets average with the monthly volatility being above average.
In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bullish Outside Bar.
Breaking through the key resistance level at 101.10 today, it is now likely to act as support going forward. After having been unable to move lower than 99.61 in the previous session, the stock found buyers again around the same price level today at 99.46.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.