London - FTSE (FTSE.NDX) Close: 7 243.70 (-27.67), Feb 24, 2017

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Positive Candidate (Score: 71)
-Overall analysis, Feb 24, 2017
Analysis Explanation
London - FTSE is technically neutral for the short term, but positive for the medium and long term.

 Neutral (Score: 16)
-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 7100 and resistance at points 7300. The index is assessed as technically neutral for the short term.

 Positive Candidate (Score: 52)
-Medium 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. The index has support at points 7100. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically positive for the medium long term.

 Positive Candidate (Score: 86)
-Long term
London - FTSE is in a rising trend, but is now testing the ceiling of the trend channel. This may give a reaction down, while a continued rise within the trend channel may be expected for the longer term. 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 up through the resistance at points 7100. This predicts a further rise. In case of negative reactions, there will now be support at points 7100. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically positive for the long term.

1 day-0.81%0.00-0.38%
5 days0.002.64%0.00-0.77%
22 days0.006.35%0.00+1.11%
66 days0.0011.34%0.00+6.87%


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