Taking a look at EasyJet as it has been trading sideways for some time and it has now fallen towards the bottom of its price range.

Taking a look at EasyJet as it has been trading sideways for some time and it has now fallen towards the bottom of its price range. Looking at the daily interval, we can see that on the 20^th of July the price has fallen below the middle moving average of the Bollinger Bands, it has actually broken through the bottom band as well (465p). Currently trading at around 459p a share, the support sits at 457p then at 451p and then the key level at 440p. A break and close below 440p could see the price slide lower to the range of 420-430p a share. As the price has pierced through the lower Bollinger Band, we might see a bounce higher. Hence, resistance sits at 472p and then at 476p. Though this level may now be tough to reach, if it did, we then would look towards the resistance corresponding with the current middle moving average of 484p. Looking at the technical indicators, MACD has confirmed a negative outlook and RSI has fallen and is also negative as it reads 38.