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 London - FTSE (FTSE.NDX) - Close: 6 696.28 (+27.41), Jul 31, 2015

Chart Technical Analysis London - FTSE (FTSE)

 Neutral (Score: -23)
-Overall analysis, Jul 31, 2015
Analysis Explanation
London - FTSE is technically negative for the short and medium term, but positive for the long term.

 Weak Negative Candidate (Score: -37)
-Short term
London - FTSE has risen up towards the ceiling of the falling trend channel. A continued decline may be expected and the current price level may be a good exit price. An inverse head and shoulders formation, however, is under development. A decisive break of the resistance at 6763, ideally with an increase in volume, signals a further rise. The index has marginally broken up through the resistance at points 6680. An established break predicts a further rise. The index is overall assessed as technically slightly negative for the short term.

 Weak Negative Candidate (Score: -42)
-Medium term
London - FTSE does not show any clear trend. The index is approaching the resistance at points 6760, which may give a negative reaction. The index is assessed as technically slightly negative for the medium long term.

 Weak Positive Candidate (Score: 40)
-Long term
London - FTSE is in a rising trend and a continued rise within this trend may be expected. In addition, the price has now fallen back towards the floor of the trend channel, which should give a reaction up. The index is approaching the resistance at points 6870, which may give a negative reaction. The index is assessed as technically slightly positive for the long term.

1 day-0.58%0.00+0.41%
5 days0.002.01%0.00+1.77%
22 days0.004.88%0.00+1.33%
66 days0.007.99%0.00-4.75%

 


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