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 London - FTSE (FTSE.NDX) Close: 7 447.79 (-24.92), Jun 21, 2017

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Positive Candidate (Score: 84)
-Overall analysis, Jun 21, 2017
Analysis Explanation
London - FTSE is technically positive for the short, medium, as well as the long term.

 Positive Candidate (Score: 58)
-Short term
London - FTSE is within a rising trend. Continued positive development within the trend channel is indicated. Is moving within a rectangle formation between support at 7416 and resistance at 7524. A decisive break through one of these levels indicates the new direction for the index. The index is approaching the support at points 7430, which may give a positive reaction. The index is overall assessed as technically positive for the short term.

 Positive Candidate (Score: 89)
-Medium term
London - FTSE is within a rising trend. Continued positive development within the trend channel is indicated. Is moving within a rectangle formation between support at 7126 and resistance at 7576. A decisive break through one of these levels indicates the new direction for the index. The index is testing the support at points 7430. This should give a positive reaction, but a downward breakthrough of points 7430 means a negative signal. The index is overall assessed as technically positive for the medium long term.

 Positive Candidate (Score: 68)
-Long term
London - FTSE is in a rising trend and a continued rise within this trend may be expected. In addition, the price has now fallen back towards the floor of the trend channel, which should give a reaction up. Has risen strongly since the positive signal from a inverse head and shoulders formation at the break through the resistance at 6397. The objective at 7425 is now met, but the formation still gives a signal in the same direction. The index has support at points 7100. The index is overall assessed as technically positive for the long term.

1 day-0.68%0.00-0.33%
5 days0.002.29%0.00-0.36%
22 days0.005.51%0.00-0.31%
66 days0.009.95%0.00+1.07%

 


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