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 London - FTSE (FTSE.NDX) Close: 7 203.94 (-33.23), Apr 28, 2017

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Positive Candidate (Score: 65)
-Overall analysis, Apr 28, 2017
Analysis Explanation
London - FTSE is technically neutral for the short term, but positive for the medium and long term.

 Neutral (Score: 9)
-Short 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 met the objective at 7140 after the break of a head and shoulders formation. The price has now risen again, but the formation indicates a further fall. The index has support at points 7100 and resistance at points 7290. The index is overall assessed as technically neutral for the short term.

 Weak Positive Candidate (Score: 45)
-Medium 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. Has met the objective at 7130 after the break of a head and shoulders formation. The price has now risen again, but the formation indicates a further fall. The index is between the support at points 7100 and the resistance at points 7430. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically slightly positive for the medium long term.

 Positive Candidate (Score: 82)
-Long term
London - FTSE has fallen back towards the floor of the rising trend channel. A continued rise may be expected and the current price level may be a good entry price. Has met the objective at 7425 after a break of a inverse head and shoulders formation. The price has now fallen, but the formation indicates further rise. The index is approaching the support at points 7100, which may give a positive reaction. The index is overall assessed as technically positive for the long term.

1 day-0.70%0.00-0.46%
5 days0.002.35%0.00+1.26%
22 days0.005.72%0.00-1.23%
66 days0.0010.86%0.00+0.75%

 


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