London - FTSE (FTSE.NDX) - Close: 6 399.73 (+27.40), Oct 22, 2014

Chart Technical Analysis London - FTSE (FTSE)

 Negative Candidate -Medium term, Oct 22, 2014Analysis Explanation
London - FTSE has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. Has met the objective at 6241 after the break of a rectangle formation. The price has now risen again, but the formation indicates a further fall. The index is approaching the resistance at points 6440, which may give a negative reaction. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically negative for the medium long term.

1 day-0.54%0.00+0.43%
5 days0.001.82%0.00+3.03%
22 days0.004.88%0.00-5.52%
66 days0.007.21%0.00-4.89%
Trend 4%6614.38 - 7056.02
Moving average2014-10-01
Long Term Trading Range2014-10-01
Short Term Trading Range2014-09-22
Double Top Pattern2014-06-13

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