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 London - FTSE (FTSE.NDX) - Close: 6 730.72 (-22.21), Dec 2, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Neutral (Score: 20)
-Overall analysis, Dec 2, 2016
Analysis Explanation
London - FTSE is technically neutral for the short and medium term, but positive for the long term.

 Neutral (Score: 12)
-Short term
London - FTSE is within a falling trend, which indicates a continued decline. The index is testing the support at points 6730, which may give a postive reaction. The RSI curve shows a rising trend, which is an early signal for a possible trend break up. The index is overall assessed as technically neutral for the short term.

 Neutral (Score: -2)
-Medium term
London - FTSE is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. The index has received a negative signal from the moving average indicator, thus signaling a continued fall. The index has marginally broken down through the support at points 6740. An established break predicts a further decline. The index is overall assessed as technically neutral for the medium long term.

 Weak Positive Candidate (Score: 27)
-Long term
London - FTSE is within a rising trend. Continued positive development within the trend channel is indicated. 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 broken down through the support at points 6860. This predicts a further decline. In case of positive reactions, there will now be resistance at points 6860. The index is overall assessed as technically slightly positive for the long term.

1 day-0.85%0.00-0.33%
5 days0.002.80%0.00-1.61%
22 days0.006.81%0.00-1.68%
66 days0.0012.62%0.00-0.23%

 


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