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 London - FTSE (FTSE.NDX) - Close: 6 247.94 (+55.91), Aug 28, 2015

Chart Technical Analysis London - FTSE (FTSE)

 Neutral (Score: 18)
-Overall analysis, Aug 28, 2015
Analysis Explanation
London - FTSE is technically negative for the short term, neutral for the medium term, and positive for the long term.

 Weak Negative Candidate (Score: -42)
-Short term
London - FTSE is in a falling trend, but is now testing the floor of the trend channel. This may give a reaction up, but for the longer term a continued decline within the trend channel may be expected. The index has support at points 5900 and resistance at points 6510. The index is assessed as technically slightly negative for the short term.

 Neutral (Score: 0)
-Medium term
An approximate horizontal trend is broken down. A continued weak development is indicated, and the index now meets resistance on possible reactions up towards the trend lines. The index has broken up through the resistance at points 6180. This predicts a further rise. The index is assessed as technically neutral for the medium long term.

 Positive Candidate (Score: 75)
-Long 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. Has reacted back after the break of the rectangle formation. There is support around 6023, which now indicates good buying opportunities. An established break through this support will neutralize the positive signal. The index has marginally broken up through the resistance at points 6200. An established break predicts a further rise. The index is overall assessed as technically positive for the long term.

1 day-0.62%0.00+0.90%
5 days0.002.10%0.00+0.97%
22 days0.004.96%0.00-5.78%
66 days0.008.35%0.00-11.26%

 


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