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 London - FTSE (FTSE.NDX) Close: 7 523.04 (-19.83), Oct 19, 2017

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Weak Positive Candidate (Score: 36)
-Overall analysis, Oct 19, 2017
Analysis Explanation
London - FTSE is technically neutral for the short and medium term, but positive for the long term.

 Neutral (Score: 0)
-Short term
London - FTSE has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. The index is approaching the resistance at points 7543, 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 neutral for the short term.

 Neutral (Score: 20)
-Medium 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 7172 and resistance at 7537. A decisive break through one of these levels indicates the new direction for the index. The index is testing the resistance at points 7550. This should give a negative reaction, but an upward breakthough of points 7550 means a positive signal. 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 RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically neutral for the medium long term.

 Weak Positive Candidate (Score: 45)
-Long term
London - FTSE has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. Has risen strongly since the positive signal from a inverse head and shoulders formation at the break through the resistance at 6397. The objective at 7425 is now met, but the formation still gives a signal in the same direction. The index has support at points 7100. The index is overall assessed as technically slightly positive for the long term.

1 day-0.54%0.00-0.26%
5 days0.001.81%0.00-0.44%
22 days0.004.40%0.00+3.41%
66 days0.007.95%0.00+1.80%

 


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