Rolls-Royce shares extend recovery as November 12 update approaches

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Mykhailo Ihnatenko

12 hours ago

Rolls-Royce shares extend recovery as November 12 update approaches — Rolls-Royce extends its recovery

Rolls-Royce shares are attempting to extend their recovery after the recent pullback. Stronger trading activity is supporting buyer interest, although the approaching corporate update could have a significant impact on the next move.

RR price prediction

24H -1.93%

GBX 1,215.7

48H -2.01%

GBX 1,214.7

7D -5.92%

GBX 1,166.2

1M -21.57%

GBX 972.2

3M -19.42%

GBX 998.82

6M -18.75%

GBX 1,007.16

12M -0.9%

GBX 1,228.46

Detailed

Current price: GBX 1,239.6 -23.2000 1.84%

Closed 11/05

Daily range 1214.00

1309.20

Weekly range 1220.60

1295.60

According to Rolls-Royce, approximately 2.24 million of its shares were bought back from 27 October to 2 November. These purchases were made under the £2.3 billion buyback programme that was unveiled earlier this year.

Investor attention is now gradually shifting towards 12 November, when the company is due to publish its third-quarter trading update. The market will be watching widebody engine flying hours, performance across the group’s key divisions and Rolls-Royce’s ability to deliver on its full-year guidance.

Volatility could increase as the release approaches, particularly given the stronger expectations already reflected in the shares.

Rolls-Royce shares eye GBX 1,336 as buyers challenge resistance

Rolls-Royce shares moved above GBX 1,280 during the latest session, extending their advance towards the previously identified GBX 1,336 target, where the 200-day moving average is located.

The increase in trading activity is a positive factor. Volumes on 4 November rose noticeably compared with the previous session, pointing to stronger participation from market players.

If the shares reach the 200-day SMA near GBX 1,336, the recovery could pause, as the moving average may act as dynamic resistance.

A drop below GBX 1,250 followed by a sustained move under that level would invalidate the recovery scenario. In that case, the risk of another decline towards GBX 1,200 would increase again.

Overnight positions carry elevated risks ahead of trading update

The 12 November trading update is becoming the main short-term risk event for Rolls-Royce. Even positive results may produce a mixed reaction if the figures fail to meet already elevated investor expectations.

Short-term traders should be particularly cautious. Holding positions overnight immediately before the release carries an increased risk of a wide price gap.

In these conditions, the more cautious approach is to wait for the update and the market’s initial reaction before considering new short-term positions.

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