TUI Group is a German leisure, travel, and tourism company. TUI is an acronym for Touristik Union International. TUI AG was known as Preussag AG until 1997 when the company changed its activities from mining to tourism. It is headquartered in Hanover, Germany.
The company has a fair-looking balance sheet with stable growth in revenue every year. The company has performed great in the past 3 quarters and is expected to continue this momentum ahead too.
Technical analysis for the Tui stock
Tui AG stock hit a low of 500£ in April and has been moving sideways since then. Sellers look highly active currently and are not letting the price breach its resistance at 625£. As long as the stock trades in the current zone between 500£ and 625£, it lies in a risky zone and can slump further down. Only if the stock crosses 625£ comfortably, one should look to enter. Till then, the best would be to stay away and look at the movements. The current support at 501£ happens to be the stock’s all-time low so if we see the price going below this level, we have no targets in that region and a big downfall can be seen.
The stock is near its support at 556£ and if the stock does not sustain above this level, we can see 500£ levels super soon.
In case the stock starts to go up, one must wait till it has crossed its resistance at 625£ before making an entry.
The volume candles in the chart below clearly show big red candles meaning a big number of sellers are active in the market. This is another reason why we expect the price to go even further below. One should wait for a considerable amount of time before making an entry as even one small negative news can lead to the stock crashing badly.
The stock does not look good at all currently and therefore the best would be to stay away as of now. Traders should look closely as the current setup suggests a good short position. Analysts indicate a flat year for the stock, therefore, suggesting low chances for a big breakout shortly ahead.