Ryanair stock faces mounting headwinds after a 34% drop in first-quarter profit collided with a deteriorating technical picture. The earnings miss and bearish chart structure make the near-term outlook difficult to defend, even if longer-term support has not yet broken.

Key takeaways

• Ryanair’s Q1 profit dropped 34% as consumers delayed bookings amid the Middle East crisis, with higher fuel costs compounding the damage.
• RYAAY closed at 62.57 on July 17, below the daily EMA20 at 63.92, confirming the short-term trend has flipped to the downside.
• Daily RSI at 47.67 and a bearish MACD crossover signal weakening momentum on the daily chart.
• The EMA200 at 61.56 and…