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- TUI AG stock is trading at 469.4 GBX.
- The stock price has recently given the breakdown of the recent support zone of 498.4 GBX.
TUI AG Plc (LSE: TUI) is a travel and tourism company that was founded on 9th October 1923. The company deals in the provision of tours, hotels and resorts, and cruise services.
TUI AG (TUI) Stock: Financial Analysis
TUI AG Plc experienced a decline of 40.78% in its revenue from 6.98 Billion GBP in 2020 to 4.13 Billion GBP in 2021. The company managed to recover the decline by 239.36% with a revenue of 14.03 Billion GBP in the year 2022. The trailing twelve month (TTM) revenue for the year 2023 is currently running at 17.16 Billion GBP.
The company’s net income has been negative over the last three years from 2020 to 2022. However, the firm has managed to decrease the negative net income value each year from 2020 to 2022. The trailing twelve month (TTM) net income for the year 2023 is finally positive with a stunning net income of 159.88 Million GBP.
The Company has managed to reduce its total and net debts over the last three years from 2020 to 2022. However, the firm has not paid any dividends to its shareholders over the last three years as the company was not profitable during this period.
The company was at a loss due to the ongoing COVID-19 pandemic from 2020 to 2022. The company is finally recovering from its earlier losses with a positive increment in its financial status.
TUI AG (TUI) Stock: Technical Analysis
In January 2023, the stock price reached its monthly high at 1091 GBX before experiencing a minor decline to 944.5 GBX. Subsequently, buyers stepped in, driving the price back towards the 1091 GBX level and attempting to break above it. However, around the 1066 GBX mark, the price encountered resistance and began to decline once more.
The TUI price fell consistently for three straight months from mid-February to 20 April 2023. The price fell to 498.4 GBX and formed support over there. After forming support, the price tried to sustain above the support and then it commenced a bullish rally to 610 GBX. Afterward, the price started to trade inside a rising parallel channel from June 2023 to August 2023.
In August 2023, the price gave the breakdown of the parallel channel and started to fall. The price fell back to its 498.4 GBX support but it also broke the support and went below it.
Currently, the price is trading just below the 498.4 GBX support level. If the price faces rejection from 498.4 GBX, then it may fall to 400 GBX level.
However, if the price reclaims the 498.4 GBX support and sustains above it, then it may rise to 610 GBX.
Technical Indicators’ Prediction About the Current Trend
The price of TUI is currently trading below the 50 and 200 EMAs which indicates the bearish sentiment and control of sellers over the price.
The relative strength index (RSI) is at 54.24. The RSI line is in bearish territory but the RSI line has started to trend in the upward direction. This means that the price is currently under the control of the sellers. If the RSI line moves in the upward direction and crosses the 40 mark, then the buyers’ influence can also be seen on the price.
Conclusion
Currently, the TUI AG stock price is bearish as the price has broken the 498.4 GBX support and is trading below it. If the price reclaims the 498.4 support then it may rise to 610 GBX. However, if the price stays below the 498.4 GBX support and faces rejection, then it may fall to 400 GBX.
Technical levels
Resistance levels: 498.4 GBX and 610 GBX.
Support levels: 400 GBX.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
