London - FTSE (FTSE.NDX) - Close: 6 868.51 (+39.97), Aug 23, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Positive Candidate -Medium term, Aug 23, 2016Analysis Explanation
London - FTSE is in a rising trend, but is now testing the ceiling of the trend channel. This may give a reaction down, while a continued rise within the trend channel may be expected for the longer term. 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 6750. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically positive for the medium long term.

1 day-0.84%0.00+0.59%
5 days0.002.80%0.00-0.37%
22 days0.006.73%0.00+2.05%
66 days0.0012.06%0.00+11.57%
Trend 22%6166.32 - 6874.59
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.