$Flight Centre Travel Group Ltd (FLT.AU)$ stock declined 18.04% on Friday, with trading volume expanding to A$93.81 million. Flight Centre Travel has fallen 18.12% in the past week, with a cumulative loss of 10.43% year-to-date.
Flight Centre Travel 's technical analysis chart:
Technical Analysis:
Support: A$17.72
Resistance: A$22.66
Price range A$17.72 to A$22.66: The trading range indicates concentrated selling pressure and a downward trend in stock prices. The range has accumulated a significant amount of trapped capital, leading to heavy selling pressure. The stock price fluctuates within the range of A$17.72 to A$22.66, encountering resistance and declining near the A$22.66 level. The price repeatedly touched near A$17.72, forming a certain support level. Further observation is needed to determine if the support at A$17.72 holds effectively.
Market News :
Flight Centre Travel released an operational review and trading update for FY 2025 at the Morgan's Conference. The company's revenue profit margin increased from 12.9% in FY 2019 to 11.4% in FY 2024. Regarding costs, the underlying cost profit margin dropped from 10.9% in FY 2019 to 9.6% in FY 2024. Market guidance will be provided at the AGM on November 14th, with profits again expected to be heavily weighted towards the second half of the year. Trading is slightly above FY24 Q1 across most key metrics—Total Transaction Value (TTV), profit margin, and underlying profit—but it is currently too early to draw conclusions about the likely trading patterns for the full year. This reflects a considerable degree of uncertainty about the company's prospects for the coming year.
Overall Analysis:
Fundamentally, focus on the company's performance and operational status. Technically, pay attention to whether the support levels hold and if the resistance levels can be effectively breached.
In this scenario, investors should adopt a cautious strategy, setting stop-loss points to manage risk and maintaining ongoing vigilance regarding company developments and market conditions.
