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 London - FTSE (FTSE.NDX) - Close: 6 791.55 (-29.91), Jul 25, 2014

Chart Technical Analysis London - FTSE (FTSE)

 Neutral (Score: -21)
-Overall analysis, Jul 25, 2014
Analysis Explanation
London - FTSE is technically negative for the short term, neutral for the medium term, and positive for the long term.

 Negative Candidate (Score: -82)
-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 is testing the resistance at points 6800. This should give a negative reaction, but an upward breakthough of points 6800 means a positive signal. The index is assessed as technically negative for the short term.

 Neutral (Score: -6)
-Medium term
London - FTSE does not show any clear trend. Is moving within a rectangle formation between support at 6692 and resistance at 6930. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 6680 and resistance at points 6870. The index is overall assessed as technically neutral for the medium long term.

 Positive Candidate (Score: 52)
-Long term
London - FTSE is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. Is moving within a rectangle formation between support at 6692 and resistance at 6930. 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 is testing the resistance at points 6800. This should give a negative reaction, but an upward breakthough of points 6800 means a positive signal. The index is overall assessed as technically positive for the long term.

1 day-0.54%0.00-0.44%
5 days0.001.79%0.00+0.62%
22 days0.004.75%0.00+0.86%
66 days0.007.82%0.00+1.64%


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