IAG.L closes below its opening price unable to hold early session gains

International Airlines Group (IAG.L) Technical Analysis Report for Jul 13, 2018

Highlights

IAG.L closes below its opening price unable to hold early session gains
IAG.L closes within previous day's range after lackluster session
IAG.L ends the day indecisive

TQ Sentiment

Report Sentiment: 16% Bearish
Technical Forecast:

Overview

IAG.L finished the week -0.18% lower at 668.20 after gaining £2.20 (0.33%) today on low volume. Trading £4.00 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for IAG.L

Volatility

Friday's trading range was £6.20 (0.93%), that's far below last trading month's daily average range of £13.03. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

Price Action

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.

Trend

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

Order Flow

Buying might accelerate should prices move above the nearby swing high at 678.20 where further buy stops could get activated. Selling might speed up should prices move below the close-by swing low at 662.40 where further sell stops could get triggered. As prices are trading close to July's low at 653.20, downside momentum might accelerate should the share mark new lows 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 bearish.

Market Conditions for International Airlines Group

Loading Market Conditions for $IAG.L (International Airlines Group)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Find out more
Top Market Movers

Related Stocks

AHT.L 10 day candlestick chart for AHT.L 2,357.00 44.00 (1.90%)
EXPN.L 10 day candlestick chart for EXPN.L 1,947.00 23.00 (1.20%)
EZJ.L 10 day candlestick chart for EZJ.L 1,394.50 -28.50 (-2.00%)
FERG.L 10 day candlestick chart for FERG.L 6,489.00 45.00 (0.70%)
GFS.L 10 day candlestick chart for GFS.L 245.40 3.50 (1.45%)
HLMA.L 10 day candlestick chart for HLMA.L 1,398.00 7.00 (0.50%)
ITRK.L 10 day candlestick chart for ITRK.L 4,951.00 151.00 (3.15%)
MRO.L 10 day candlestick chart for MRO.L 220.50 -2.10 (-0.94%)
RMG.L 10 day candlestick chart for RMG.L 476.90 4.30 (0.91%)
RTO.L 10 day candlestick chart for RTO.L 316.50 1.80 (0.57%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!