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Home / Support and Resistance / easyJet (EZJ.L) 13-05-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

easyJet (EZJ.L) 13-05-20

Will EasyJet (EZJ.L) shares break below the 475p support zone, or will it return to highs of 681p (+40%)?

  • Currently trading around the 475p support at 485.5p (at time of writing).
  • The support has proven robust to date. Will the pattern repeat?
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Will the share price bounce once again to recent highs of 681p? (+40%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -68% from 12-month highs; +2% from 12 month lows.

Latest News

 

11 May:  Credit Suisse reiterates its outperform rating on easyJet (EZJ) and reduced the target price to 746p (from 945p).

07 May:  Goldman Sachs reiterates its sell rating on easyJet (EZJ) and reduced the target price to 545p (from 668p).

07 May:  HSBC reiterates its buy rating on easyJet (EZJ) and increased the target price to 925p (from 900p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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