EasyJet Watch the support level at 682p
EasyJet, a low-cost airline, posted full-year loss before tax of 1.27 billion pounds, compared with a profit before tax of 430 million pounds in the prior year.
Share this:
EasyJet, a low-cost airline, posted full-year loss before tax of 1.27 billion pounds, compared with a profit before tax of 430 million pounds in the prior year, and revenue declined 52.9% on year to 3.01 billion pounds. The company has decided not to pay a dividend, compared with a dividend of 43.9p per share in the previous year. Regarding the outlook, the company stated: "Based on current travel restrictions in the markets in which we operate, easyJet expects to fly no more than c.20% of planned capacity for Q1 financial year 2021."
From a chartist's point of view, the stock price is posting a short term rebound within a medium term trading range between 460p and 930p. The daily RSI (14) is bullish but highly overbought. Bollinger bands are widening. Prices need to stand above 682p to maintain the bullish bias. Caution: a break below 682p would call for correction move towards 550p and 460p.
Source: GAIN Capital, TradingView
EasyJet, a low-cost airline, posted full-year loss before tax of 1.27 billion pounds, compared with a profit before tax of 430 million pounds in the prior year, and revenue declined 52.9% on year to 3.01 billion pounds. The company has decided not to pay a dividend, compared with a dividend of 43.9p per share in the previous year. Regarding the outlook, the company stated: "Based on current travel restrictions in the markets in which we operate, easyJet expects to fly no more than c.20% of planned capacity for Q1 financial year 2021."
From a chartist's point of view, the stock price is posting a short term rebound within a medium term trading range between 460p and 930p. The daily RSI (14) is bullish but highly overbought. Bollinger bands are widening. Prices need to stand above 682p to maintain the bullish bias. Caution: a break below 682p would call for correction move towards 550p and 460p.
Source: GAIN Capital, TradingView
Latest market news
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
S&P 500, Nasdaq, Dow Forecast: Rising Yields Test Rally Ahead of Nvidia, Fed 8 22 2026
S&P 500, Nasdaq and Dow test key technical levels as momentum fades, raising the risk of a deeper correction heading into a pivotal week.
Magnificent Seven Earnings Preview: Can Big Tech Reclaim AI Leadership?
The Magnificent Seven enter earnings with far more divided performance than in previous years, as investors increasingly distinguish between companies supplying the AI buildout and those funding it - what does that mean heading into earnings season?
USD/JPY unwind accelerates as GPIF headlines spark yen buying
Japanese assets are rallying after the government floated the prospect of the GPIF investing more heavily at home. While the proposal could have significant implications for global capital flows, it does not yet change the broader forces driving Japanese bond yields and USD/JPY.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.