LHA.DE pushes through 50-day moving average


Deutsche Lufthansa AG (LHA.DE) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
LHA.DE pushes through 50-day moving average
LHA.DE closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 42% Bullish
Technical Forecast:
Overview

LHA.DE finished Monday at 26.91 gaining €0.42 (1.59%) on low volume. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session.

Daily chart for LHA.DE
Volatility

Monday's trading range was €0.57 (2.15%), that's below last trading month's daily average range of €0.76. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Price Action

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar. After moving lower in the previous session, the share managed to close higher but below the prior day's open, forming a bullish Harami Candle.

Support/Resistance

Prices are trading close to a key support level at 26.33. Prices are trading close to the key resistance level at 27.33.

Trend

Although the stock is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory. The market managed to break above the 50-day moving average at 26.71 today for the first time since April 12th.

Order Flow

Buying could accelerate should prices move above the nearby swing high at 27.32 where further buy stops might get activated. Further buying could move prices higher should the market test March's close-by high at 27.95.

Conclusion

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

Market Conditions for Deutsche Lufthansa AG
ConditionForecastDirectionWinAvgWorstBestEvents
Close near high of period TQ Pro Members Only
Very Strong Up Move TQ Pro Members Only
Bullish Break through SMA 20 TQ Pro Members Only
White Candle TQ Pro Members Only
RSI(2) above 80 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

LHA.DE rallies 4.2% on high volume

Jul 18, 2018
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