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 London - FTSE (FTSE.NDX) - Close: 6 270.79 (+5.14), May 27, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Neutral (Score: 2)
-Overall analysis, May 27, 2016
Analysis Explanation
London - FTSE is technically neutral for the short term, negative for the medium term, and positive for the long term.

 Neutral (Score: 5)
-Short term
London - FTSE is within an approximate horizontal trend, which indicates further development in the same direction. The index has support at points 6200 and resistance at points 6400. The index is assessed as technically neutral for the short term.

 Negative Candidate (Score: -72)
-Medium term
London - FTSE is in a falling trend and a continued decline within this trend may be expected. In addition, the price has now risen up towards the ceiling of the trend channel, which should give a reaction down. An inverse head and shoulders formation, however, is under development. A decisive break of the resistance at 6403, ideally with an increase in volume, signals a further rise. The index has support at points 6080 and resistance at points 6430. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically negative for the medium long term.

 Positive Candidate (Score: 71)
-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. An inverse head and shoulders formation is under development. A decisive break of the resistance at 6403, ideally with an increase in volume, signals a further rise. The index has broken up through the resistance at points 6200. This predicts a further rise. In case of negative reactions, there will now be support at points 6200. The index is overall assessed as technically positive for the long term.

1 day-0.83%0.00+0.08%
5 days0.002.76%0.00+1.86%
22 days0.006.62%0.00-0.22%
66 days0.0011.86%0.00+3.86%

 


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