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 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

 


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