The Hanover-based tourism group’s stock has been in increasingly poor shape for several years now. At the moment, the share price is again in a correction after a recovery movement. After almost doubling since the beginning of October 2022, the stock moved -4.23% down today, continuing the corrective movement since last Thursday.
The TUI share thus made a weak start to the new trading week. The price consolidated in the area of the volume peak around €2.20, but is now well below this zone. However, the outlook for this share is not very positive. Prices are now below the critical 2-euro mark. If the share price closes below this mark today, further downward movements become more and more likely and the possibility of an upward movement less likely. Should the price continue the correction, we could see setbacks to the next support at the August high at 1.87 euros. The next support is represented by the 200-day line at 1.76 euros.