- Price action honing in on likely support at $65.69
Ryanair is down to $66.22, after ending yesterday at $66.45. Overall, a 0.35% loss or 23 cents today.
Ryanair hit a significant low of $56.89 around 22 days ago, but has since recovered 16.8%.
As the trading day commences, technical analysis suggests Ryanair Holdings plc could begin to recover as it approaches significant support, now 53 cents away from $65.69. Dipping below could be an indication that further losses are ahead.
Fundamental indicators – United States ISM Non-Manufacturing PMI (Oct) came out at 54.4, while a consensus of analysts was expecting 55.5.
Ryanair's stock value drop coincides with United Parcel Service is down to $162.23, losing 1.43%, after ending yesterday at $164.58.
Positive performances can be seen by looking at other industrials stocks as Honeywell International is trading at $201.37 after ending yesterday's session at $200.47 (up 0.45%). Deere & Company is up 0.45%.
Upcoming fundamentals: as things stand, upcoming United States Non Farm Payrolls data is projected to fall short of market expectations with newly published data of 200,000, following on from the preceding figure of 263,000. New data is set to be published tomorrow at 12:30 UTC.