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 London - FTSE (FTSE.NDX) - Close: 6 270.79 (+5.14), May 27, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Negative Candidate -Medium term, May 27, 2016Analysis Explanation
London - FTSE is in a falling trend and a continued decline within this trend may be expected. In addition, the price has now risen up towards the ceiling of the trend channel, which should give a reaction down. An inverse head and shoulders formation, however, is under development. A decisive break of the resistance at 6403, ideally with an increase in volume, signals a further rise. The index has support at points 6080 and resistance at points 6430. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically negative for the medium long term.

1 day-0.83%0.00+0.08%
5 days0.002.76%0.00+1.86%
22 days0.006.62%0.00-0.22%
66 days0.0011.86%0.00+3.86%
Trend -9%5373.09 - 6342.03
Short Term Trading Range2016-05-24
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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