TUI.L rises to highest close since June 4th


TUI AG (TUI.L) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
TUI.L pushes through key resistance level
TUI.L finds buyers around 1732.50 for the third day in a row
TUI.L dominated by bulls lifting the market higher throughout the day
TUI.L pushes through 20-day moving average
TUI.L closes higher for the 2nd day in a row
TQ Sentiment
Report Sentiment: 77% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, TUI.L finished Thursday at 1764.50 gaining £18.50 (1.06%). Today's closing price of 1764.50 marks the highest close since June 4th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 1759.00, the share confirms its breakout through the previous session's high having traded £12.00 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for TUI.L
Volatility

Thursday's trading range was £38.50 (2.22%), that's far above last trading month's daily average range of £27.73. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.

Price Action

In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bullish Outside Bar.

Support/Resistance

Breaking through the key resistance level at 1753.00 today, it is now likely to act as support going forward. TUI found buyers again today around 1732.50 for the third trading day in a row after having found demand at 1733.00 in the prior session and at 1733.50 two days ago.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The market managed to break above the 20-day moving average at 1751.03 today for the first time since June 4th.

Order Flow

With prices trading close to this year's high at 1816.00, upside momentum might accelerate should the stock be able to break out to new highs for the year. As prices are trading close to June's high at 1776.00, upside momentum could speed up should TUI.L mark new highs for the month.

Conclusion

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

Market Conditions for TUI AG
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Very Strong Down Move TQ Pro Members Only
Black Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
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