London - FTSE (FTSE.NDX) - Close: 6 262.85 (+43.59), May 25, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Positive Candidate -Long term, May 25, 2016Analysis Explanation
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 reacted back after a break of a head and shoulders formation. There is resistance around 6325, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. The index has broken up through the resistance at points 6200. This predicts a further rise. The index is overall assessed as technically positive for the long term.

1 day-0.84%0.00+0.70%
5 days0.002.75%0.00+1.54%
22 days0.006.62%0.00-0.75%
66 days0.0011.88%0.00+4.87%
Trend 2%5577.53 - 7396.12
Head and Shoulders Pattern2015-08-21
Double Bottom Pattern2015-01-22
Double Top Pattern2011-08-03


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