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April 09, 2023- Today's gain is Ryanair largest daily percentage gain since Jan 12.
- Market price breaks $2.61 above key Fib handle of $91.39
The Irish low-cost carrier gained 3.87% and stayed at $94 levels.
The Irish low-cost carrier has gained 27.43% since its lowest print of $56.89 earlier this year.
Ryanair's notable support and resistance levels: Ryanair Holdings plc could be slowing down soon; it is getting close to the resistance line and is now at $95.25, only $1.25 away. Crossing the resistance line could, however, suggest that further gains are ahead. Trend-focused traders would be interested to note that Ryanair made an initial breakout above its 50 day Simple Moving Average at $93.11, a potential indicator of a newly emerging bullish phase. Price action overcame a known Fibonacci resistance level at $91.39 by around $2.61 with prices hammering out a $90.58 – $94.16 session range. According to asset volatility analysis, Ryanair's upper Bollinger Band® is at $95.33, this is a slight indication of a slowdown.
With market volatility ebbing, the current technical outlook indicates Ryanair will remain range-bound for the immediate future.
A look at other industrials stocks also showed bullish price action as Union Pacific gained 2.28%, as it traded at $198.64.
Ryanair went up Thursday, yet these industrials stocks did not follow — Caterpillar lost 2.04% Thursday and closed at $209.17. Deere & Company went down to $369.65, losing 1.12% after it closed at $373.82 Thursday.
