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 London - FTSE (FTSE.NDX) - Close: 6 946.66 (-3.07), Feb 27, 2015

Chart Technical Analysis London - FTSE (FTSE)

 Positive Candidate (Score: 76)
-Overall analysis, Feb 27, 2015
Analysis Explanation
London - FTSE is technically positive for the short, medium, as well as the long term.

 Weak Positive Candidate (Score: 29)
-Short term
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. The index has support at points 6860. RSI is overbought. The index can still rise further, and we should see a decreasing RSI before this is used as a negative signal. The index is overall assessed as technically slightly positive for the short term.

 Positive Candidate (Score: 51)
-Medium term
London - FTSE does not show any clear trend. Has given positive signal from a double bottom formation by a break up through the resistance at 6751. Further rise to 7313 or more is signaled. The index has support at points 6880. 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.

 Positive Candidate (Score: 95)
-Long term
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. It also gave positive signal from a double bottom formation at the break up through the resistance at 6751. Further rise to 7313 or more is signaled. The index has broken up through the resistance at points 6840. This predicts a further rise. In case of negative reactions, there will now be support at points 6840. The index is overall assessed as technically positive for the long term.

1 day-0.53%0.00-0.04%
5 days0.001.79%0.00+0.45%
22 days0.004.81%0.00+1.77%
66 days0.007.28%0.00+3.22%

 


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