LHA.DE closes higher for the 2nd day in a row


Deutsche Lufthansa AG (LHA.DE) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
LHA.DE unable to break through key resistance level
LHA.DE closes higher for the 2nd day in a row
LHA.DE pushes through previous session high
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, LHA.DE finished the week 1.39% higher at 20.39 after gaining €0.26 (1.29%) today. Closing above Thursday's high at 20.27, the market confirms its breakout through the prior session's high having traded €0.38 above it intraday.

Daily chart for LHA.DE
Volatility

Friday's trading range was €0.45 (2.23%), that's slightly below last trading month's daily average range of €0.53. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Unable to break through the key technical resistance level at 20.62, the share closed below it after spiking as high as 20.65 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.

Trend

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

Order Flow

Buying might speed up should prices move above the nearby swing high at 20.94 where further buy stops could get activated. Selling might accelerate should prices move below the close-by swing low at 19.90 where further sell stops could get triggered.

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 Deutsche Lufthansa AG
ConditionForecastDirectionWinAvgWorstBestEvents
Close near high of period TQ Pro Members Only
Northern Doji TQ Pro Members Only
Hanging Man TQ Pro Members Only
Doji TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
More market conditions identified for TQ Pro members...
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