Ryanair Stock Jumps 6.61% To $59.86 On Heavy Volume Breakout

Ryanair Holdings (RYAAY) closed at $59.86, surging 6.61% on July 21, 2025, following a period of notable volatility. The significant breakout above key resistance levels was accompanied by elevated volume, warranting a multidimensional technical assessment.
Candlestick Theory
The recent 6.61% surge formed a robust bullish marubozu candle on July 21, 2025, engulfing the prior three sessions’ range and closing near its high of $60.01. This follows a hammer pattern at $56.14 on July 18, which established immediate support after a 3.26% decline. Key resistance now sits at the psychological $60.00 level, while $57.22–$57.86 acts as consolidated support. The breach above the June 24 peak of $57.37 signals bullish conviction.
Moving Average Theory
The 50-day moving average ($55.82) crossed bullishly above the 100-day ($54.10) and 200-day ($51.88) averages in late May 2025, confirming a long-term uptrend. The July 21 close at $59.86 sits 7.2% above the 50-DMA, indicating strong short-term momentum. All moving averages now slope upward, with the 200-DMA rising consistently since April 2025, reinforcing the structural bull trend. Golden crosses among key averages provide confluence for continued upside.
MACD & KDJ Indicators
The MACD (12,26,9) shows a bullish crossover above its signal line on July 21, accelerating into positive territory – its strongest reading since early June. Concurrently, the KDJ oscillator (14-period) registers a K-line (86) and D-line (79) in overbought territory, though not yet diverging. While KDJ warns of near-term exhaustion, MACD’s strengthening histogram suggests momentum is still building. Divergence risk emerges only if price consolidates while KDJ retreats sharply.
Bollinger Bands
Bollinger Bands (20-day, 2σ) expanded sharply during the 6.61% surge, with price breaching the upper band ($58.30), signaling breakout momentum. The July 18 low of $55.96 rebounded precisely off the middle band (20-DMA at $56.15), affirming its dynamic support role. Volatility expansion after June’s contraction phase supports continuation potential, though a mean-reversion pullback toward the $58.30 upper band (now support) appears probable near-term.
Volume-Price Relationship
July 21’s 6.61% advance occurred on volume of 2.36 million shares – 75% above the 30-day average – confirming institutional participation. This contrasts with the 3.26% decline on July 18, which saw higher volume (2.76 million shares), suggesting capitulation before the reversal. Volume has consistently validated upside moves since May’s breakout, including the May 19 surge (+7.94%) on 4.46 million shares. Current volume conviction diminishes reversal risks.
Relative Strength Index (RSI)
The 14-day RSI (71.2) entered overbought territory for the first time since June. Historically, Ryanair’s RSI has peaked near 75 during extended rallies (e.g., June 2025 peaked at 75.1 before a 7% correction). While overbought, the lack of bearish divergence and supportive volume suggest RSI may remain elevated near-term. Traders should monitor for divergence if new highs form without RSI confirmation.
Fibonacci Retracement
Applying Fibonacci to the April 9 low ($39.66) and June 23 high ($57.37) yields key levels: 23.6% ($53.18), 38.2% ($50.22), and 50% ($48.52). Recent price action has respected the 23.6% retracement as support during July’s pullbacks. The surge to $60.01 exceeded the 127.2% extension level ($59.28), opening a path toward the 161.8% target ($62.45). Confluence exists at $62.50, aligning with December 2024 resistance.
Confluence and Divergence Observations
Confluence is evident: Moving averages confirm the bull trend, volume validates the breakout, MACD/Klinger show momentum strength, and Fibonacci targets align with Bollinger Band projections. The lone divergence exists in KDJ’s overbought signal contrasting with RSI’s less extreme reading – a nuance requiring monitoring. Probabilistically, the weight of evidence favors pullbacks (e.g., to $58.30) as buying opportunities targeting $62.45, barring volume deterioration or a MACD reversal.