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 London - FTSE (FTSE.NDX) - Close: 6 724.43 (+3.37), Jul 29, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Weak Positive Candidate (Score: 32)
-Overall analysis, Jul 29, 2016
Analysis Explanation
London - FTSE is technically positive for the short and long term, but negative for the medium term.

 Weak Positive Candidate (Score: 29)
-Short term
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. The index has support at points 6400. The index is assessed as technically slightly positive for the short term.

 Weak Negative Candidate (Score: -29)
-Medium term
London - FTSE has broken the ceiling of the falling trend, which indicates a slower initial falling rate. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 6397. Further rise to 7425 or more is signaled. The index is testing the resistance at points 6750, which may give a negative reaction. RSI is overbought. This shows that the momentum of The index is strong and that the price may well rise further in the short term. We should see a decline in the RSI chart before this is seen as a negative signal. The index is overall assessed as technically slightly negative for the medium long term.

 Positive Candidate (Score: 59)
-Long term
London - FTSE shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 6397. Further rise to 7425 or more is signaled. The index is approaching the resistance at points 6860, which may give a negative reaction. The index is overall assessed as technically positive for the long term.

1 day-0.85%0.00+0.05%
5 days0.002.84%0.00-0.09%
22 days0.006.74%0.00+5.73%
66 days0.0011.65%0.00+7.00%

 


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