EJT1 Technical Analysis - EASYJET PLC

Technical Rating and Analysis

Overall EJT1 gets a technical rating of 3 out of 10. In the past year, EJT1 was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, EJT1 is a bad performer in the overall market: 84% of all stocks are doing better.

EJT1 is one of the lesser performing stocks in the Passenger Airlines industry. 90% of 12 stocks in the same industry do better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

EJT1 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EJT1 is lagging the market.

In the last month EJT1 has a been trading in the 5.16 - 5.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of EJT1 is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.96

7.09

3 important support areas can be observed.

A support zone ranging from 5.55 to 5.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @5.29 from a trend line in the weekly time frame.
A support zone ranging from 5.01 to 5.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 5.82 to 5.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @6.02 from a horizontal line in the daily time frame.
Resistance @7.02 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for EJT1.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EJT1.DE is up.
ChartMill Relative Strength	16.39	NEGATIVE	EJT1.DE has a low relative strength, it was outperformed by 83.61% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EJT1.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of EJT1.DE is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of EJT1.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	56.24	NEUTRAL	The RSI value for EJT1.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests EJT1.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	63.03	NEUTRAL	The Stochastics value for EJT1.DE is a neutral value.
Average True Range in percent/ATR (20)	2.14	MEDIUM VOLATILITY	The ATR as a percentage value for EJT1.DE suggests some volalility.
Average Directional Index/ADX (14)	25.91	POSITIVE	The high ADX value value for EJT1.DE suggests a strong trend.