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 London - FTSE (FTSE.NDX) - Close: 6 819.75 (+13.95), Aug 29, 2014

Chart Technical Analysis London - FTSE (FTSE)

 Neutral (Score: 12)
-Overall analysis, Aug 29, 2014
Analysis Explanation
London - FTSE is technically negative for the short and medium term, but positive for the long term.

 Weak Negative Candidate (Score: -29)
-Short term
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. The index is testing the resistance at points 6820, which may give a negative reaction. 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 negative for the short term.

 Weak Negative Candidate (Score: -29)
-Medium term
London - FTSE does not show any clear trend. Is moving within a rectangle formation between support at 6583 and resistance at 6954. A decisive break through one of these levels indicates the new direction for the index. The index is approaching the resistance at points 6870, which may give a negative reaction. The index is overall assessed as technically slightly negative for the medium long term.

 Positive Candidate (Score: 80)
-Long term
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. Is moving within a rectangle formation between support at 6583 and resistance at 6954. A decisive break through one of these levels indicates the new direction for the index. Has given positive signal from a rectangle formation by a break up through the resistance at 6023. Further rise to 7259 or more is signaled. The index has marginally broken up through the resistance at points 6800. An established break predicts a further rise. The index is overall assessed as technically positive for the long term.

1 day-0.53%0.00+0.21%
5 days0.001.80%0.00+0.62%
22 days0.004.74%0.00+0.18%
66 days0.007.66%0.00-0.46%


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