London - FTSE (FTSE.NDX) - Close: 6 724.03 (+13.90), Jul 26, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Weak Positive Candidate -Medium term, Jul 26, 2016Analysis Explanation
London - FTSE has broken the ceiling of the falling trend, which indicates a slower initial falling rate. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 6397. Further rise to 7425 or more is signaled. The index has support at points 6430 and resistance at points 7100. 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 index is overall assessed as technically slightly positive for the medium long term.

1 day-0.86%0.00+0.21%
5 days0.002.85%0.00+0.40%
22 days0.006.72%0.00+9.54%
66 days0.0011.62%0.00+5.37%
Trend -12%5211.12 - 6018.18
Inverse Head and Shoulders 2016-06-30
Long Term Trading Range2016-06-23
Short Term Trading Range2016-06-23
Moving average2016-03-29
Double Bottom Pattern2015-10-05


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.