London - FTSE (FTSE.NDX) - Close: 5 848.06 (-50.70), Feb 5, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Negative Candidate -Long term, Feb 5, 2016Analysis Explanation
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. 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 broken down through the support at points 5940. This predicts a further decline. The index is overall assessed as technically negative for the long term.

1 day-0.78%0.00-0.86%
5 days0.002.59%0.00-3.87%
22 days0.006.40%0.00-3.71%
66 days0.0010.92%0.00-8.08%
Trend 4%6004.67 - 7727.29
Head and Shoulders Pattern2015-08-21
Double Bottom Pattern2015-01-22
Double Top Pattern2011-08-03


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