AIR.PA pops to highest close since Inception
Airbus SE (AIR.PA) Technical Analysis Report for Jul 13, 2018
Moving higher for the 2nd day in a row, AIR.PA finished the week 9.04% higher at 107.40 after gaining €2.26 (2.15%) today. Today's closing price of 107.40 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 105.14, Airbus confirms its breakout through the previous session's high having traded €2.70 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Friday's trading range was €2.34 (2.22%), that's slightly above last trading month's daily average range of €2.03. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a slightly bullish sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.