AIR.PA pops to highest close since Inception

Airbus SE (AIR.PA) Technical Analysis Report for Jul 13, 2018

Highlights

AIR.PA dominated by bulls lifting the market higher throughout the day
AIR.PA closes higher for the 2nd day in a row
AIR.PA ends the day on a bullish note closing near the high of the day
AIR.PA pushes through previous session high
AIR.PA rises to highest close since Inception

TQ Sentiment

Report Sentiment:
60% Bullish
Technical Forecast:

Overview

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.

Daily chart for AIR.PA

Volatility

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.

Trend

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

Conclusion

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

Market Conditions for Airbus SE

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