EZJ.L pushes through prior session high


easyJet plc (EZJ.L) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
EZJ.L closes higher for the 2nd day in a row
EZJ.L pushes through previous session high
EZJ.L ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, EZJ.L ended the week 0.87% higher at 1630.00 after gaining £10.50 (0.65%) today on low volume. Closing above Thursday's high at 1623.50, the share confirms its breakout through the previous session's high having traded £15.50 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for EZJ.L
Volatility

Friday's trading range was £16.50 (1.01%), that's far below last trading month's daily average range of £33.36. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.

Support/Resistance

Prices are trading close to a key support level at 1610.00. Prices are trading close to the key resistance level at 1644.00.

Trend

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

Order Flow

Buying could speed up should prices move above the nearby swing high at 1650.25 where further buy stops might get triggered. As prices are trading close to July's high at 1669.00, upside momentum could accelerate should the market mark new highs for the month.

Conclusion

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

Market Conditions for easyJet plc
ConditionForecastDirectionWinAvgWorstBestEvents
Close to S1 Support TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Bearish Bounce off SMA 20 TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
RSI(2) below 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

EZJ.L breaks below previous session low

Jul 20, 2018
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