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 London - FTSE (FTSE.NDX) Close: 7 336.82 (-3.89), Mar 24, 2017

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Weak Positive Candidate (Score: 48)
-Overall analysis, Mar 24, 2017
Analysis Explanation
London - FTSE is technically negative for the short term, but positive for the medium and long term.

 Weak Negative Candidate (Score: -29)
-Short term
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. The index is testing the resistance at points 7340, which may give a negative reaction. RSI diverges negatively against the price, which indicates a danger for a reaction down. The RSI curve shows a falling trend, which could be an early signal for the start of a falling trend. The index is overall assessed as technically slightly negative for the short term.

 Positive Candidate (Score: 56)
-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. The index has support at points 7100. The index is assessed as technically positive for the medium long term.

 Positive Candidate (Score: 64)
-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. 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 has support at points 7100. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically positive for the long term.

1 day-0.74%0.00-0.05%
5 days0.002.45%0.00-1.19%
22 days0.006.02%0.00+0.47%
66 days0.0011.20%0.00+4.56%

 


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