TUI.L fails to close above 200-day moving average
TUI AG (TUI.L) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (TUI.L as at Aug 10, 2018):
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.
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.
Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.
Buying could speed up should prices move above the nearby swing high at 1590.00 where further buy stops might get activated.