TUI.L fails to close above 200-day moving average


TUI AG (TUI.L) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
TUI.L fails to close above 200-day moving average
TUI.L pushes through previous session high
TQ Sentiment
Report Sentiment: 50% Bearish
Technical Forecast:
Overview

TUI.L ended the week -0.6% lower at 1565.50 after gaining £23.00 (1.49%) today on high volume. Closing above Thursday's high at 1550.00, the market confirms its breakout through the prior session's high having traded £30.50 above it intraday.

Daily chart for TUI.L
Volatility

Friday's trading range was £46.50 (3.01%), that's above last trading month's daily average range of £32.75. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.

Support/Resistance

Prices are trading close to the key resistance level at 1595.00. After spiking up to 1580.50 during the day, the share found resistance at the 200-day moving average at 1571.44.

Trend

Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Order Flow

Buying could speed up should prices move above the nearby swing high at 1590.00 where further buy stops might get activated.

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 TUI AG
Condition Forecast Direction Win Avg Worst Best Events
Low close to previous low TQ Pro Members Only
High close to previous High TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
Bullish Harami Candle TQ Pro Members Only
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