Investtech.com
 London - FTSE (FTSE.NDX) - Close: 6 807.67 (-10.37), Sep 27, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Positive Candidate (Score: 72)
-Overall analysis, Sep 27, 2016
Analysis Explanation
London - FTSE is technically positive for the short, medium, as well as the long term.

 Weak Positive Candidate (Score: 32)
-Short term
London - FTSE is within an approximate horizontal trend, which indicates further development in the same direction. A head and shoulders formation is under development. A decisive break of the support at 6677, ideally with an increase in volume, signals a further fall. The index is approaching the support at points 6740, which may give a positive reaction. The RSI curve shows a rising trend, which is an early signal for a possible trend break up. The index is overall assessed as technically slightly positive for the short term.

 Positive Candidate (Score: 71)
-Medium term
London - FTSE is within a rising trend, which indicates a continued growth. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 6397. Further rise to 7425 or more is signaled. The index is between the support at points 6670 and the resistance at points 6930. A definitive break through of one of these levels predicts the new direction. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically positive for the medium long term.

 Positive Candidate (Score: 56)
-Long term
London - FTSE shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 6397. Further rise to 7425 or more is signaled. The index has marginally broken down through the support at points 6860. An established break predicts a further decline. The index is overall assessed as technically positive for the long term.

1 day-0.86%0.00-0.15%
5 days0.002.84%0.00-0.34%
22 days0.006.71%0.00-0.14%
66 days0.0012.85%0.00+10.90%

 


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 www.investtech.com/disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

Titlex

OK