EZJ.L climbs to highest close since January 6, 2016

Technical Analysis Report for EZJ.L - May 17, 2018 [< 1 min read]
EZJ.L finds buyers again around 1726.50
EZJ.L rises to highest close since January 6, 2016
EZJ.L closes within previous day's range
EZJ.L ends the day indecisive
TQ Sentiment
Technical Forecast:

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 chart for EZJ.L

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.

Price Action

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.

Order Flow

Buying might speed up should prices move above the nearby swing high at 1768.00 where further buy stops could get triggered.


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

Report Market Conditions
Low close to previous low TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
Bearish Outside Bar TQ Pro Members Only
Close to Swing High TQ Pro Members Only
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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.


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