EZJ.L unable to break through key resistance level


easyJet plc (EZJ.L) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
EZJ.L finds buyers at key support level
EZJ.L unable to break through key resistance level
EZJ.L closes higher for the 4th day in a row
EZJ.L ends the day on a bullish note closing near the high of the day
EZJ.L runs into sellers again around 1803.50
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 4th day in a row, EZJ.L ended Thursday at 1796.00 gaining £13.50 (0.76%). Today's closing price of 1796.00 marks the highest close since November 11, 2015. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for EZJ.L
Volatility

Thursday's trading range was £42.50 (2.4%), that's above last trading month's daily average range of £35.05. Weekly volatility is also higher, being above the markets average with the monthly volatility being way below average.

Support/Resistance

After trading as low as 1761.00 during the day, the market bounced off the key support level at 1765.00. The failure to close below the support could increase that levels importance as support going forward. Unable to break through the key technical resistance level at 1796.50, easyJet closed below it after spiking as high as 1803.50 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward. After having been unable to move above 1797.50 in the prior session, the share ran into sellers again around the same price level today, failing to move higher than 1803.50.

Trend

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

Conclusion

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

Market Conditions for easyJet plc
ConditionForecastDirectionWinAvgWorstBest
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Bullish Harami Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

EZJ.L finds buyers again around 1750.00

Jun 18, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when easyJet plc traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

ETHUSD 516.2820.92 4.22%
BTCUSD 6,707.49240.41 3.72%
CRUDE 65.681.45 2.26%
EURUSD 1.16230.0014 0.12%
TBOND 143.7190.031 0.02%
FTSE 7,631.33-2.57 -0.03%
NDX 7,251.41-4.35 -0.06%
USDJPY 110.55-0.11 -0.10%
GOLD 1,280.6-1.4 -0.11%
SPX 2,773.87-5.55 -0.20%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.48 -1.09
-1.09%
ACN 10 day candlestick chart for ACN162.88 -0.60
-0.37%
ADBE 10 day candlestick chart for ADBE255.69 3.87
1.54%
AAP 10 day candlestick chart for AAP138.24 1.08
0.79%
AES 10 day candlestick chart for AES13.07 0.00
0.00%
AET 10 day candlestick chart for AET186.95 -2.55
-1.35%
AFL 10 day candlestick chart for AFL45.17 -0.58
-1.27%
AMG 10 day candlestick chart for AMG153.00 -2.81
-1.80%
A 10 day candlestick chart for A64.97 -1.16
-1.75%
ABT 10 day candlestick chart for ABT62.82 -0.09
-0.14%