EZJ.L climbs to highest close since January 6, 2016
easyJet plc (EZJ.L) Technical Analysis Report for May 17, 2018
EZJ.L ended Thursday at 1751.50 gaining £16.50 (0.95%). Today's closing price of 1751.50 marks the highest close since January 6, 2016. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range. 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 May 17, 2018):
Thursday's trading range was £32.50 (1.85%), that's slightly below last trading month's daily average range of £35.80. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.
In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bearish Outside Bar.
Prices are trading close to the key resistance level at 1768.00. After having been unable to move lower than 1729.50 in the previous session, easyJet found buyers again around the same price level today at 1726.50.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might speed up should prices move above the nearby swing high at 1768.00 where further buy stops could get triggered.