Rolls-Royce shares: keep growing! – Financial performance

To die Rolls Royce shares continues to move forward. On Wednesday, prices on the domestic stock market in London rose 1.5 percent to a record high of 384.80 cents. This meant that the gain this week was increased to 2.4 percent. There has already been a price increase of almost 30 percent since the beginning of the year.

The engine maker recently presented strong figures and also convinced investors with its future outlook. This year, operating profit is expected to rise to between £1.7 and £2.0 billion. In 2023, Rolls-Royce earned £1.6 billion from operations.

For Aerovironment and MTU of Germany, other engine manufacturers have also recently presented very strong figures and raised the situation in the sector.

MACD highlights a strong bull market

In the initial reaction to the numbers, Rolls-Royce’s share price rose by more than 8 percent. Since then, the price has risen by a further 8 percent. The MACD lines have crossed sharply on the daily, weekly and monthly charts, confirming that the price is in a strong bull market.

Rolls Royce Stock Chart

Rolls-Royce shares are close to 400 dinars

With the 78.6% retracement of the Fibonacci retracement from January 2014 and the 2018 high of 379 pence, two more resistance lines were recently broken. On the upside, the 400 dinar mark now comes into focus.

This would pave the way for a rise to 2014’s record high of 444 pence.