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 London - FTSE (FTSE.NDX) - Close: 6 646.60 (-2.79), Sep 29, 2014

Chart Technical Analysis London - FTSE (FTSE)

 Weak Positive Candidate (Score: 30)
-Overall analysis, Sep 29, 2014
Analysis Explanation
London - FTSE is technically neutral for the short and medium term, but positive for the long term.

 Neutral (Score: 0)
-Short term
London - FTSE does not show any clear trend. The index has resistance at points 6670. RSI is oversold, which indicates a potential short-term reaction up. The index is overall assessed as technically neutral for the short term.

 Neutral (Score: -2)
-Medium 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. Is moving within a rectangle formation between support at 6606 and resistance at 6886. A decisive break through one of these levels indicates the new direction for the index. Gave a negative signal from a rectangle formation by the break down through the support at 6668. Further fall to 6287 or lower is signaled. The index is between the support at points 6570 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 neutral for the medium long term.

 Positive Candidate (Score: 58)
-Long term
London - FTSE has fallen back towards the floor of the rising trend channel. A continued rise may be expected and the current price level may be a good entry price. Is moving within a rectangle formation between support at 6606 and resistance at 6890. A decisive break through one of these levels indicates the new direction for the index. 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 broken down through the support at points 6800. This predicts a further decline. The index is overall assessed as technically positive for the long term.

1 day-0.52%0.00-0.04%
5 days0.001.77%0.00-1.88%
22 days0.004.72%0.00-2.34%
66 days0.007.39%0.00-1.31%


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