London - FTSE (FTSE.NDX) - Close: 6 138.69 (-199.41), Jun 24, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Neutral (Score: -12)
-Overall analysis, Jun 24, 2016
Analysis Explanation
London - FTSE is technically negative for the short term, neutral for the medium term, and positive for the long term.

 Negative Candidate (Score: -52)
-Short term
London - FTSE is within an approximate horizontal trend, which indicates further development in the same direction. The index has broken down through the support at points 6200. This predicts a further decline. In case of positive reactions, there will now be resistance at points 6200. The RSI curve shows a falling trend, which is an early signal for a possible trend break down. The index is overall assessed as technically negative for the short term.

 Neutral (Score: -9)
-Medium term
London - FTSE has risen up towards the ceiling of the falling trend channel. A continued decline may be expected and the current price level may be a good exit price. The index is testing the support at points 6100. This should give a positive reaction, but a downward breakthrough of points 6100 means a negative signal. The index is assessed as technically neutral for the medium long term.

 Weak Positive Candidate (Score: 41)
-Long 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 5846 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 resistance at points 6420. The index is overall assessed as technically slightly positive for the long term.

1 day-0.87%0.00-3.15%
5 days0.002.87%0.00+1.95%
22 days0.006.51%0.00-1.30%
66 days0.0011.61%0.00-0.82%


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here The content provided by is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.