#FTSE #France We’re always a little cynical with airline prices and now, with Covid-19, doubly so. #Ryanair, a company we suspect would introduce credit card readers to release the oxygen masks in the event of cabin pressure loss, are proving fairly resilient since the March price reversal. So much so, we’re inclined to produce an optimistic scenario.
Visually it looks like share price movements above the 13 euro level (Ryanair is priced in EUR) should prove capable of a price lift to 14.5 initially. If bettered, our secondary target calculates at 15.8 and as the chart shows, there’s ample reason to suspect some hesitation around such a level, given historical movements. Only with price closure above the 15.8 level are things liable to become game changing for the share price thanks to some quite strong future potentials.
To be blunt, while Ryanairs policy of charging for “extras and add-ons” may be ridiculed, it’s equally probable their attitude shall make them one of the airlines to survive the change in circumstances the Pandemic has brought. Apparently Ryanair hoovered up an extra 2.5 billion during 2019 with their various scams to increase revenue from passengers!
If things intend go wrong, the share price needs descend below 10.75 to give an inkling of turbulence as this now permits travel down to an initial 9.5 euro. Should the share price find an excuse to close a session below this point, our secondary calculation comes in at 6.1 euro, the point below which we cannot calculate.
FUTURES
Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
9:47:39PM | BRENT | 42.06 | ‘cess | ||||||||
9:51:21PM | GOLD | 1921 | ‘cess | ||||||||
9:53:20PM | FTSE | 5891 | 5883 | 5854.5 | 5815 | 5933 | 5933 | 5942.5 | 5963 | 5900 | Shambles |
9:55:01PM | FRANCE | 4853 | 4846 | 4811 | 4773 | 4872 | 4877 | 4883.5 | 4896 | 4867 | Success |
9:56:33PM | GERMANY | 12771 | Success | ||||||||
9:59:13PM | US500 | 3343.22 | ‘cess | ||||||||
10:01:32PM | DOW | 27670.2 | ‘cess | ||||||||
10:03:11PM | NASDAQ | 11227 | Shambles | ||||||||
10:05:23PM | JAPAN | 23217 |
6/10/2020 FTSE Closed at 5949 points. Change of 0.12%. Total value traded through LSE was: £ 4,810,400,259 a change of 20.66%
5/10/2020 FTSE Closed at 5942 points. Change of 0.68%. Total value traded through LSE was: £ 3,986,790,747 a change of -6.97%
2/10/2020 FTSE Closed at 5902 points. Change of 0.39%. Total value traded through LSE was: £ 4,285,372,497 a change of -12.92%
1/10/2020 FTSE Closed at 5879 points. Change of 0.22%. Total value traded through LSE was: £ 4,921,284,024 a change of -5.87%
30/09/2020 FTSE Closed at 5866 points. Change of -0.53%. Total value traded through LSE was: £ 5,228,309,512 a change of 10.67%
29/09/2020 FTSE Closed at 5897 points. Change of -0.51%. Total value traded through LSE was: £ 4,724,132,311 a change of -0.94%
28/09/2020 FTSE Closed at 5927 points. Change of 1.45%. Total value traded through LSE was: £ 4,768,816,378 a change of 0.46%
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