London - FTSE (FTSE.NDX) - Close: 6 322.40 (+2.49), Apr 28, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Negative Candidate -Medium term, Apr 28, 2016Analysis Explanation
London - FTSE has broken the ceiling of the falling trend, which indicates a slower initial falling rate. Has reacted back after a break of a head and shoulders formation. There is resistance around 6325, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. The index is between the support at points 6200 and the resistance at points 6430. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically negative for the medium long term.

1 day-0.84%0.00+0.04%
5 days0.002.78%0.00-0.93%
22 days0.006.67%0.00+3.55%
66 days0.0011.65%0.00+7.58%
Trend -15%5235.99 - 5986.85
Short Term Trading Range2016-04-08
Moving average2016-03-29
Long Term Trading Range2016-02-26
Double Bottom Pattern2015-10-05
Head and Shoulders Pattern2015-08-21
Double Top Pattern2015-06-04


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