AIR.PA ends the day indecisive

Airbus SE (AIR.PA) Technical Analysis Report for Sep 14, 2018

Highlights

AIR.PA finds buyers at key support level
AIR.PA fails to close above 50-day moving average
AIR.PA closes within previous day's range
AIR.PA ends the day indecisive

TQ Sentiment

Report Sentiment: 28% Bearish
Technical Forecast:

Overview

AIR.PA ended the week 1.3% higher at 106.20 after gaining €0.56 (0.53%) today on low volume. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for AIR.PA

Volatility

Friday's trading range was €1.66 (1.56%), that's slightly below last trading month's daily average range of €1.85. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average.

Price Action

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

Support/Resistance

After trading as low as 105.12 during the day, the stock bounced off the key support level at 105.90. The failure to close below the support could increase that levels importance as support going forward. Prices are trading close to the key resistance level at 107.84. After spiking up to 106.78 during the day, Airbus found resistance at the 50-day moving average at 106.69.

Trend

Though the share is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.

Order Flow

Buying could accelerate should prices move above the close-by swing high at 108.00 where further buy stops might get triggered.

Conclusion

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

Market Conditions for Airbus SE

Condition Forecast Direction Win Rate Exit Day Events
Closed below last periods low TQ Pro Members Only
Bearish Outside Bar TQ Pro Members Only
Bearish Bounce off SMA 20 TQ Pro Members Only
Bearish Bounce off SMA 50 TQ Pro Members Only
Bearish Engulfing Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
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AIR.PA finds buyers at key support level

Sep 18, 2018
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