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 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%

 


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