Ryanair Stock Plunges 3.26% Amid Strong Bearish Signals And High Volume Selloff

Ryanair Holdings (RYAAY) Technical Analysis
Ryanair Holdings declined 3.26% to $56.15 on July 18, 2025, extending a two-day losing streak totaling 4.15%. Trading volume surged to 2.76 million shares, signaling heightened bearish conviction. This analysis assesses technical indicators to contextualize the recent pullback.
Candlestick Theory
The July 16–18 period formed a bearish pattern: a strong green candle ($58.58 close) was followed by two consecutive red candles with lower highs/lows, culminating in a long bearish candle on high volume. This suggests dominant selling pressure. Immediate support lies at $55.96–$56.00 (July 18 low and psychological level), while resistance is established at $57.22–$57.50 (July 18 high and prior consolidation zone). A decisive break below $55.96 may trigger further downside toward $54.50.
Moving Average Theory
The 50-day SMA (approximately $54.80) remains above the 100-day SMA ($52.30) and 200-day SMA ($48.90), preserving the long-term uptrend. However, the recent close at $56.15 breached the 20-day SMA ($57.20), indicating short-term bearish momentum. The 50-day SMA now acts as critical support; failure to hold this level could signal a deeper correction toward the 100-day SMA. Golden Cross (50-day above 200-day) persistence supports the broader bullish structure.
MACD & KDJ Indicators
The MACD (12,26,9) has crossed below its signal line into negative territory, confirming bearish momentum acceleration. KDJ readings show the %K line (14.5) diving below %D (28.7) into oversold territory, with the J-line at -13.9. While this suggests exhaustion potential, KDJ’s oversold signal lacks confirmation amid strong volume-driven selling. Divergence exists between KDJ’s oversold reading and MACD’s bearish crossover, indicating unresolved downward pressure.
Bollinger Bands
Price exited the upper band ($58.20) on July 16, reverting to the midline ($56.80) by July 18. Bandwidth expanded 15% during this move, reflecting volatility surge. The current position near the lower band ($55.40) signals oversold conditions, but a sustained break below it would intensify bearish bias. Mean reversion toward the midline may occur if $56.00 support holds.
Volume-Price Relationship
The July 18 sell-off occurred on 48% higher volume than the 30-day average, validating bearish momentum. Downside volume has consistently exceeded upside volume over the past week, diminishing the sustainability of recovery attempts. This volume profile suggests institutional distribution, though climactic selling on July 18 raises potential for near-term exhaustion.
Relative Strength Index (RSI)
The 14-day RSI (41.5) has plunged from neutral (54) toward oversold territory but remains above the 30 threshold. Momentum deterioration is evident, yet no bullish divergence materialized during the July decline. A drop below 40 would strengthen bearish momentum; recovery above 50 is needed to signal stabilisation.
Fibonacci Retracement
Using the April 7 low ($38.52) and July 8 high ($59.36), key retracement levels are: 23.6% ($54.44), 38.2% ($51.40), and 50% ($48.94). July 18’s close near $56.15 tests the 23.6% retracement support. A breakdown below $54.44 could catalyze a decline to the 38.2% level ($51.40), aligning with the 100-day SMA.
Confluence and Divergence
Confluence exists in bearish signals: MACD/KDJ deterioration, volume-backed price breakdown, and RSI momentum loss align with the breach of the 20-day SMA. Divergence appears in Bollinger Bands (oversold) versus candlestick/volume persistence (bearish), suggesting volatility without clear reversal catalysts. The 50-day SMA and Fibonacci 23.6% level ($54.44) form critical support; failure here may accelerate selling toward $51.40, while recovery above $57.22 would challenge the bearish thesis.