London - FTSE (FTSE.NDX) Close: 7 523.23 (+0.19), Oct 20, 2017

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Neutral -Medium term, Oct 20, 2017Analysis Explanation
London - FTSE shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. Is moving within a rectangle formation between support at 7170 and resistance at 7537. A decisive break through one of these levels indicates the new direction for the index. The index is testing the resistance at points 7550. This should give a negative reaction, but an upward breakthough of points 7550 means a positive signal. RSI is overbought. This shows that the momentum of The index is strong and that the price may well rise further in the short term. We should see a decline in the RSI chart before this is seen as a negative signal. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically neutral for the medium long term.

1 day-0.54%0.00+0.00%
5 days0.001.81%0.00-0.16%
22 days0.004.40%0.00+3.46%
66 days0.007.93%0.00+1.24%
Trend 9%7279.43 - 7860.73
Long Term Trading Range2017-10-02
Short Term Trading Range2017-10-02
Double Top Pattern2017-09-14
Moving average2017-09-08
Head and Shoulders Pattern2017-04-18
Double Bottom Pattern2016-12-07


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here The content provided by is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.