Easyjet ready to fly?Easyjet records better financial statements, looking at the report is possible to read that LSE:EZJ flew about 5% increase in seats when compared with last year.
The revenue increased by 14% this mainly because of the increase of 8% in capacity. Looking over the financial indicator it's noticeable an increase in revenue and the difference compared to 13 week moving average.
The price breakout for the second time above the top of ascending triangle following for a cross over the 200ema. The yellow resistance is the strongest one that still needs to be broken.
ADX is already above DMI- and being at 19,49 can show some strength confirming the DMI+.
EFI barely dropped below zero when the price failed to cross the EMA changing direction above zero rapidly.
EJT1 trade ideas
Breakout Alert: easyJet (EZJ)Trading Update Creates Catalyst for Breakout
easyJet released a market-beating trading update last week which has created the catalyst required for a major breakout.
The trading update, covering the quarter ended 31st Dec 2023, painted a positive picture of easyJet's financial performance and outlook. Despite facing headwinds from the conflict in the Middle East, the airline reported a narrower Q1 headline loss before tax of £126 million, an improvement from the £133 million loss in the same period last year.
Crucially, easyJet's strategic focus on disciplined capacity growth and a strong customer-centric approach appears to be resonating with investors. Passenger growth of 14% year-on-year and a 3% increase in Revenue per Seat (RPS) in Q1 contributed to the overall positive sentiment.
The shares gapped higher on the day of the trading update (24th Jan), taking prices into a key area of resistance created by the cluster of highs that formed during the first half of last year. Yesterday’s price action saw the shares break and close above the resistance zone – signalling that a major breakout is potentially underway.
easyJet (EZJ) Daily Candle Chart
Past performance is not a reliable indicator of future results
A Closer Look
Monitoring a breakout on a lower timeframe provides insights into its sustainability. On easyJet's hourly candle chart, a pattern of higher swing lows is emerging, suggesting that the market might be establishing the broken resistance as a new support level.
Traders should exercise caution against false breakouts. A close below the series of higher swing lows, bringing the market back below resistance on the hourly candle chart, would serve as an early warning signal.
easyJet (EZJ) Hourly Candle Chart
Past performance is not a reliable indicator of future results
Risk Management:
Those looking to take trades in easyJet should consider incorporating ATR into their stop placement as this will dynamically account for current levels of price volatility.
On easyJet’s corporate calendar we have a number of dates worth noting:
Wednesday, January 31st: easyJet Holidays Seminar
Thursday, February 8th: easyJet Annual Shareholders Meeting
Thursday, February 22nd: Dividend - 4.5000 GBX
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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What to Expect for EZJ Ahead of Q4 Earnings?On the hourly chart, EasyJet (EZJ) made a bullish breakout after forming a cup with handle pattern. Buyers may continue to push the EZJ share price forward to 415.3 - 422.6 levels, with 428 - 429.9 levels (August highs) as additional bullish targets.
Breaking down and closing below 399 pence may invalidate the prior hypothesis, causing the EZJ share price to fall further to 392.1 pence, with 381.9 and 371.6 as potential targets for sellers.
EasyJet is expected to earn 0.31 pence per share in the fourth quarter, up from -0.60p in the same period last year. Also, EasyJet's Q4 revenue is predicted to be £2.5 billion, up from £1.22 billion during the previous quarter.
EZJ awaiting a correction.EasyJet - 30d expiry - We look to Buy at 353.1 (stop at 329.8)
A lower correction is expected.
Short term RSI is moving lower.
A higher correction is expected.
Bespoke support is located at 350.
We look to buy dips.
338 has been pivotal.
The 50 day moving average should provide support at 352.
Our profit targets will be 409.8 and 419.8
Resistance: 430 / 448 / 480
Support: 400 / 370 / 350
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Easyjet in Inverted head and shoulders?EasyJet - 30d expiry - We look to Buy at 351.1 (stop at 332.9)
A bullish reverse Head and Shoulders is forming.
Levels below 350 continue to attract buyers.
Bespoke support is located at 345.
We look to buy dips.
This stock has seen good sales growth.
338 has been pivotal.
Our profit targets will be 396.6 and 406.6
Resistance: 375 / 400 / 430
Support: 360 / 345 / 320
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EasyJet to fly?EasyJet - 30D expiry - We look to Buy a break of 311.1 (stop at 288.8)
We are trading at oversold extremes.
The trend of lower highs is located at 370.
The previous swing high is located at 375.
We look for a temporary move higher.
There was little net movement as we continue to consolidate within the 280 - 310 range.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The bias is to break to the upside.
Our profit targets will be 369.6 and 379.6
Resistance: 310 / 350 / 380
Support: 280 / 250 / 220
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
easySell? No signs of the downtrend coming to an end.EasyJet - Intraday - We look to Sell at 401.2 (stop at 434)
The medium term bias remains bearish. Broken out of the channel formation to the downside. An overnight negative theme in Equities has led to a lower open this morning. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile.
Our profit targets will be 275 and 250
Resistance: 401 / 429.9 / 448.6
Support: 368.4 / 338 / 300
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Easyjet - EZJ - LongGood Day!
Trade idea was posted via VIP group a few months ago - with significant gains, and profits booked. Successful trade.
However - the situation we have now, is a set-up now presenting an even better risk-to-reward ratio.
Previous trade commentary shared in VIP group, remains valid.
Good luck!
Best,
Figuring Out Finance
VIP Trade Set-up shared earlier this year:
Tues 4th Jan- 22: Trade update - Easyjet (EZJ)
Easyjet (EZJ) trade idea from Dec-21, has already delivered strong returns in a short space of time.
Markets reacting positively to the UK govt's stance on cautiously not increasing Covid restrictions, and the fact that Omicron is slowly being recognised as a 'milder' variant than expected.
This was in line with our 'house view ' on the market's potential overreaction to the new variant (albeit it's tragic news of course that people will continue to suffer from the effects of Covid).
Today EZJ opened at >10%.
Our Fund bought heavily into the recent fade of EZJ price, and will no longer be looking to increase our exposure at these prices.
Will re-evaluate our positions should price revisit sub 550.
Take profit around 850, continues to be valid.
EasyJet at COVID-19 LOWS!!EasyJet
Medium Term
We look to Buy at 385.00 (stop at 364.00)
Previous support located at 385.00. The medium term bias remains bearish. We are trading at oversold extremes. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 489.00 and 565.00
Resistance: 500.00 / 581.00 / 721.00
Support: 385.00 / 345.00 / 273.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EasyJet to Fly Higher? EasyJet - Short Term - We look to Buy at 651.8 (stop at 610.0)
Preferred trade is to buy on dips. Previous resistance, now becomes support at 650.00. The bias is still for higher levels and we look for any dips to be limited. The medium term bias remains bullish. 20 1day EMA is at 635.00. We look for a temporary move lower.
Our profit targets will be 797.8 and 855.00
Resistance: 725.00 / 750.00 / 800.00
Support: 650.00 / 600.00 / 590.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EasyJetEasyJet plc, styled as easyJet, is a British multinational low-cost airline group headquartered at London Luton Airport. It operates domestic and international scheduled services on over 1,000 routes in more than 30 countries via its affiliate airlines EasyJet UK, EasyJet Switzerland, and EasyJet Europe. EasyJet plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. EasyGroup Holdings Ltd is the largest shareholder with a 15.269% stake. It employs circa 14,000 people, based throughout Europe but mainly in the UK.