Ryanair bears establish support around $91.74

• Price action honing in on likely support at $91.74
• Fibonacci support at $92.52 holds firm with prices springing 46 cents

On a 7 day uptrend, Today's session put the brakes on the ongoing uptrend — a quiet day for Ryanair as it remained range-bound within a $92.11 – $93.64 range before closing at $93.

After hitting an important low of $56.89 approximately 5 months ago, the Irish low-cost carrier has bounced back 63.16% since.

Chart analysis suggests Ryanair Holdings plc is climbing away and is now $1.24 from the $91.74 support line. Trend-focused traders would be interested to note that Ryanair made an initial breakout above its 50 day Simple Moving Average at $93.21, a potential indicator of a newly emerging bullish phase. Fibonacci-minded traders witnessed a key Fib level of $92.52 holding firm – an indicator of highly concentrated demand around this level. Asset volatility analysis shows that Ryanair's upper Bollinger Band® is at $95.64, suggesting that a downward move may follow.

Overall, while Ryanair has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Fundamental indicators – United States JOLTs Job Openings (Feb) came out at 9.93 million, while a consensus of analysts was expecting 10.4 million.

Meanwhile, mixed performances were seen by other industrials stocks as Caterpillar drops 5.4% today to close at $229.87. Deere & Company closed at $397.66 (down 4.18%). United Parcel Service went down 1.61%, closed at $193.72.

Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million. It previously stood at -7.49 million; data will be released tomorrow at 14:30 UTC.