Easyjet plc Stock Forecast
Easyjet plc stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)
No changes to the price of Easyjet plc stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $6.51 to a day high of $6.51. The price has fallen in 6 of the last 10 days and is down by -8.95% for this period.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $6.37 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Easyjet plc stock with a 90% probability to be traded between $6.40 and $7.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ESYJY Signals & Forecast
There are few to no technical positive signals at the moment. The Easyjet plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.64 and $6.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Easyjet plc stock
Easyjet plc finds support from accumulated volume at $6.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.61%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESYJY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Easyjet plc to open at $6.51, and during the day (based on 14 day Average True Range), to move between $6.34 and $6.68, which gives a possible trading interval of +/-$0.172 (+/-2.65%) up or down from last closing price. If Easyjet plc takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.40 (1.69%) than the resistance at $6.73 (3.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Easyjet plc stock A Buy?
Easyjet plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.206 Sell Candidate Downgraded
Predicted Opening Price for Easyjet plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $6.51 ( 0.00000000%) | $6.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESYJY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.51 | 0.00000000 % | |
| R2 | 6.51 | 0.00000000 % | ||
| R1 | 6.51 | 0.00000000 % | ||
| Current price: | 6.51 | |||
| Support | S1 | 6.51 | 0.00000000 % | |
| S2 | 6.51 | 0.00000000 % | ||
| S3 | 6.51 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.13 | 9.52 % | |
| R2 | 6.90 | 5.91 % | ||
| R1 | 6.73 | 3.38 % | ||
| Current price | 6.51 | |||
| Support | S1 | 6.40 | -1.69% | |
| S2 | 6.37 | -2.15% | ||
| S3 | 6.20 | -4.76% |
ESYJY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 27, 2024 | $0.0565 | 0.80% |
| 2 | Sep 30, 2021 | Sep 30, 2021 | Oct 08, 2021 | $1.56 | 17.87% |
| 3 | Feb 27, 2020 | Feb 27, 2020 | Feb 27, 2020 | $0.576 | 4.09% |
| 4 | Feb 28, 2019 | Feb 28, 2019 | Feb 28, 2019 | $0.740 | 4.49% |
| 5 | Mar 01, 2018 | Mar 01, 2018 | Mar 01, 2018 | $0.541 | 2.46% |
FAQ
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