Rolls-Royce’s share price is in a bear market, a trend that accelerated after its top competitors published their earnings. The stock plunged to 1,160p on Friday before stabilizing at 1,220p today, and technicals suggest further downside over time. Rolls-Royce share price technicals point to more downside On the charts, we see that the RR stock price has been in a strong sell-off in the past few months. It dropped from a high of 1,585p in August to a low of 1,159p this month. This retreat happened after the stock formed a head-and-shoulders pattern, a common bearish sign in technical analysis. The stock has dropped below the 50-day and 200-day moving averages and the Major S/R pivot point of the Murrey…
Rolls-Royce outlook as Safran and GE Aerospace earnings flag aviation risks
