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 London - FTSE (FTSE.NDX) - Close: 6 399.73 (+27.40), Oct 22, 2014

Chart Technical Analysis London - FTSE (FTSE)

 Neutral (Score: -17)
-Overall analysis, Oct 22, 2014
Analysis Explanation
London - FTSE is technically negative for the short and medium term, but positive for the long term.

 Weak Negative Candidate (Score: -33)
-Short term
London - FTSE has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. The index has support at points 6200 and resistance at points 6560. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically slightly negative for the short term.

 Negative Candidate (Score: -59)
-Medium 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 met the objective at 6241 after the break of a rectangle formation. The price has now risen again, but the formation indicates a further fall. The index is approaching the resistance at points 6440, which may give a negative reaction. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically negative for the medium long term.

 Positive Candidate (Score: 63)
-Long term
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. Has given positive signal from a rectangle formation by a break up through the resistance at 6023. Further rise to 7259 or more is signaled. The index has support at points 6000 and resistance at points 6800. 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 positive for the long term.

1 day-0.54%0.00+0.43%
5 days0.001.82%0.00+3.03%
22 days0.004.88%0.00-5.52%
66 days0.007.21%0.00-4.89%


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