| 
May 16, 2023- Ryanair hasn't traded above $101.03 for 1 year.
- Upper Bollinger Band® currently at $101.83
Ryanair has posted further gains as part of an 8 day trend that has already seen the stock gain $7.32. Consistent for now — after closing at $100.61 yesterday, Ryanair began today at $100.73 with significant bullish sentiment driving Ryanair's price action higher. So far today, price action has drawn out a distinct $100.08 to $101.03 range.
The stock has been trending positively for about 2 months. 7 months ago, the Irish low-cost carrier fell to a low of $56.89 but has since recovered 76.85%.
Technical chart analysis shows Ryanair Holdings plc could be slowing down soon as it approaches resistance at $101.36. Of course, crossing it might suggest further gains are ahead. Trend analysis indicates that investors are seeking long positions as Ryanair price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, Ryanair's upper Bollinger Band® is at $101.83, this is a slight indication of a slowdown.
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 Retail Sales released earlier showed a marked improvement to 0.4% from the preceding data of -0.7%, but fell short of the 0.8% figure forecast by a consensus of market analysts.
Meanwhile, after closing the previous session (yesterday) at $168.85, United Parcel Service lost $2.08 and is trading around $166.77. Honeywell International is down to $191.48, losing 1.46%, after ending yesterday at $194.31. Deere & Company is down to $364, losing 1.67%, after ending yesterday at $370.21.
Upcoming fundamentals: tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -1.3 million from the preceding figure of 2.95 million.
