×
New

Ryanair - Daily

Chart & Data from IG

By Minipip
linkedin-icon google-plus-icon
Ryanair's stock price has now broken through trendline support and a new level of support has formed at €15.12. Will this uphold with the upcoming strikes?

Taking a look at Ryanair after the airline company announced that its pilots will be striking once again in August. Strikes dates have been set for the 14th and 15th, and currently, the price of its stock is trading at around €15.81 a share. Looking at the daily interval, we can see that the price has now broken through the supportive trendline (white), which dates back to the 12th of October last year. The longer-term bias remains bullish as the price has now formed a new support level at €15.12, however, the short-medium term downside may continue due to the upcoming strikes and the potential of more strikes in the coming months. Hence, a break below the support of €15.12 could see the price head lower towards support at €14.48. The resistance at the moment sits at €16.01 then at €16.17 and then at €16.26. A break and close above €16.26 could see the price continue higher, resuming its bullish trend. But until then, current levels are pretty neutral with no clear direction. Technical indicators are fairly mixed, MACD is neutral and the RSI is slightly negative as it reads 43. 

Latest News View More