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 London - FTSE (FTSE.NDX) - Close: 6 625.25 (+41.08), Apr 17, 2014

Chart Technical Analysis London - FTSE (FTSE)

 Neutral (Score: -1)
-Overall analysis, Apr 17, 2014
Analysis Explanation
London - FTSE is technically negative for the short term, positive for the medium term, and neutral for the long term.

 Negative Candidate (Score: -54)
-Short term
London - FTSE is in a falling trend and a continued decline within this trend may be expected. In addition, the price has now risen up towards the ceiling of the trend channel, which should give a reaction down. Is moving within a rectangle formation between support at 6542 and resistance at 6910. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 6520 and resistance at points 6690. The index is overall assessed as technically negative for the short term.

 Positive Candidate (Score: 54)
-Medium term
London - FTSE is within a rising trend, which indicates a continued growth. Is moving within a rectangle formation between support at 6549 and resistance at 6915. A decisive break through one of these levels indicates the new direction for the index. The index is between the support at points 6540 and the resistance at points 6680. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically positive for the medium long term.

 Neutral (Score: 0)
-Long 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. Is moving within a rectangle formation between support at 6549 and resistance at 6915. A decisive break through one of these levels indicates the new direction for the index. The index is approaching the resistance at points 6860, which may give a negative reaction. The index is overall assessed as technically neutral for the long term.

1 day-0.56%0.00+0.62%
5 days0.001.85%0.00-0.25%
22 days0.005.03%0.00+0.30%
66 days0.008.93%0.00-2.85%


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