AIR.PA pops to highest close since Inception


Airbus SE (AIR.PA) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
AIR.PA rallies 4.37% on high volume
AIR.PA pushes through key resistance level
AIR.PA dominated by bulls lifting the market higher throughout the day
AIR.PA ends the day on a bullish note closing near the high of the day
AIR.PA finds buyers again around 99.46
TQ Sentiment
Technical Forecast:
Overview

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 chart for AIR.PA
Volatility

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.

Price Action

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.

Support/Resistance

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.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a very bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Airbus SE
ConditionForecastDirectionWinAvgWorstBest
2 Consecutive Lower Closes TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Black Candle TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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