EZJ.L pushes through prior session high
easyJet plc (EZJ.L) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (EZJ.L as at Jul 13, 2018):
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.
Prices are trading close to a key support level at 1610.00. Prices are trading close to the key resistance level at 1644.00.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
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.