Using Trading Central's Market Buzz for understanding premarket moves, EasyJet(EZJ) has been identified as an interesting choice.
TC Market Buzz has identified Buzzing news volume over the last 24 hours,with 11 mentions. Overall mentions represent the number of publications in the past 24 hours that mention the subject, along with a descriptor indicating how it compares to the 7-day average.
Into Most Discussed Topics widget, we find “Rating raised” as UBS reiterates its 'buy' recommendation on the British low-cost airline's shares, with a price target raised from 820 to 850 pence". This news comes on the back of the company's recent return to the ftse 100 a few weeks ago.
On the sentiment side, the orientation of the news headlines is signaling a bullish sentiment score of 57 (positive). The Sentiment Score indicates how the crowd feels about a financial instrument, ranging from "very negative" to "very positive". Please note that a grade above 55 is a buy signal.
Meanwhile, the subjectivity widget is considered as "Low". The subjectivity index measures how rational the crowd's opinion of an entity is,which can be helpful in identifying market bubbles. Its score ranges from 0 (very rational) to 100 (very irrational).
Regarding technical analysis, from a daily point of view, after bouncing off a significant pivot area around 520 (resistance in 2023 then support since March 15th 2024), the stock has confirmed a bullish continuation pattern in flag. Trading Central Technical Views sees targets at 593.5 and 609.5.
Powered by TC Labs, TC Market Buzz helps investors read less and know more,solving today’s infobesity problem. With an interactive and modern design, Buzzshows investors which stocks and topics are "buzzing", delivering a smarter news experience.
