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 London - FTSE (FTSE.NDX) - Close: 5 848.06 (-50.70), Feb 5, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Negative Candidate (Score: -86)
-Overall analysis, Feb 5, 2016
Analysis Explanation
London - FTSE is technically negative for the short, medium, as well as the long term.

 Negative Candidate (Score: -78)
-Short term
London - FTSE is within a falling trend and continued decline within the current trend is indicated. On reactions back, there is resistance against the ceiling of the trend channel. The index has broken down through the support at points 5880. This predicts a further decline. In case of positive reactions, there will now be resistance at points 5880. The index is assessed as technically negative for the short term.

 Negative Candidate (Score: -89)
-Medium term
London - FTSE is within a falling trend, which indicates a continued decline. Has met the objective at 5846 after the break of a head and shoulders formation. The price has now risen again, but the formation indicates a further fall. The index has broken down through the support at points 5900. This predicts a further decline. In case of positive reactions, there will now be resistance at points 5900. The index is overall assessed as technically negative for the medium long term.

 Negative Candidate (Score: -59)
-Long term
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. Has met the objective at 5846 after the break of a head and shoulders formation. The price has now risen again, but the formation indicates a further fall. The index has broken down through the support at points 5940. This predicts a further decline. The index is overall assessed as technically negative for the long term.

1 day-0.78%0.00-0.86%
5 days0.002.59%0.00-3.87%
22 days0.006.40%0.00-3.71%
66 days0.0010.92%0.00-8.08%

 


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