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 London - FTSE (FTSE.NDX) - Close: 6 241.89 (-80.51), Apr 29, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Positive Candidate (Score: 63)
-Overall analysis, Apr 29, 2016
Analysis Explanation
London - FTSE is technically positive for the short and long term, and neutral for the medium term.

 Positive Candidate (Score: 54)
-Short term
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. The index is approaching the support at points 6200, which may give a positive reaction. The index is assessed as technically positive for the short term.

 Neutral (Score: 5)
-Medium term
London - FTSE has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. Has reacted back after a break of a head and shoulders formation. There is resistance around 6325, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. The index is testing the support at points 6200. This should give a positive reaction, but a downward breakthrough of points 6200 means a negative signal. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically neutral for the medium long term.

 Positive Candidate (Score: 70)
-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. Has reacted back after a break of a head and shoulders formation. There is resistance around 6325, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. The index is testing the support at points 6200, which may give a postive reaction. The index is overall assessed as technically positive for the long term.

1 day-0.85%0.00-1.27%
5 days0.002.78%0.00-1.09%
22 days0.006.67%0.00+0.62%
66 days0.0011.67%0.00+5.59%

 


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