Rolls-Royce share price flags a rare bullish pattern: is it about to soar?

Invezz
2026.05.05 10:02
portai
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Rolls-Royce share price has shown resilience, rising to 1,200p from a low of 1,093p, despite challenges in the civil aviation sector. The company reported strong engine flying hours and maintained its profit targets. Technical analysis indicates a bullish pattern, with potential for further gains to 1,322p and possibly 1,413p. However, a drop below 1,093p would negate this positive outlook. Rolls-Royce is also expanding in the data center and Small Modular Reactor industries, with a backlog in the power sector reaching £7.3 billion.