TUI.L ends the day on a bearish note closing near the low of the day


TUI AG (TUI.L) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
TUI.L breaks below 100-day moving average
TUI.L closes below its opening price unable to hold early session gains
TUI.L unable to break through key resistance level
TUI.L ends the day on a bearish note closing near the low of the day
TUI.L closes within previous day's range
TQ Sentiment
Report Sentiment: 66% Bearish
Technical Forecast:
Overview

TUI.L ended the week -1.35% lower at 1641.50 after losing £11.50 (-0.7%) today. Trading £18.00 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 prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for TUI.L
Volatility

Friday's trading range was £38.00 (2.3%), that's slightly above last trading month's daily average range of £32.33. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly above average.

Support/Resistance

Prices are trading close to a key support level at 1632.00. Unable to break through the key technical resistance level at 1670.00, the share closed below it after spiking as high as 1672.00 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.

Trend

While still in a long-term uptrend, the short and medium-term trends both turned bearish already. TUI broke below the 100-day moving average at 1642.46 today for the first time since July 11th.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bearish sentiment for the next trading day.

Market Conditions for TUI AG
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing Low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Bearish Break through SMA 100 TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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