- Next support is currently 7 cents away at $73.48
- Ryanair looks below $74.27 (10 day Simple Moving Average) as signpost for new negative trend
While on a 5 day slump, falling a total of 5.92%, Similar trend today: while bearish sentiment is dominating the market, Ryanair is maintaining its poise around $73.55 while ranging between $73.38 and $75.76 so far today.
The stock has been trending positively for about a month. Ryanair hit a significant low of $56.89 around a month ago, but has since recovered 30.83%.
Ryanair Holdings plc made an initial break below its 10 day Simple Moving Average at $74.27, a possible indication of a forthcoming negative trend. Despite this, Ryanair could begin to recover as it approaches significant support, now 7 cents away from $73.48. Dipping below could be an indication that further losses are ahead.
Looking forward, Ryanair is poised to extend its strong downtrend and continue declining.
Fundamental indicators – United States Existing Home Sales (Oct) came out at 4.43 million, while a consensus of analysts was expecting 4.38 million.
Positive performances can be seen by looking at other industrials stocks as United Parcel Service is up 1.68%. Raytheon Technologies is up 1.27%. Lockheed Martin is trading at $476.52 after ending yesterday's session at $472.77 (up 0.79%).