London - FTSE (FTSE.NDX) Close: 7 523.04 (-19.83), Oct 19, 2017

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Weak Positive Candidate -Long term, Oct 19, 2017Analysis Explanation
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. Has risen strongly since the positive signal from a inverse head and shoulders formation at the break through the resistance at 6397. The objective at 7425 is now met, but the formation still gives a signal in the same direction. The index has support at points 7100. The index is overall assessed as technically slightly positive for the long term.

1 day-0.54%0.00-0.26%
5 days0.001.81%0.00-0.44%
22 days0.004.40%0.00+3.41%
66 days0.007.95%0.00+1.80%
Trend 22%7802.91 - 8825.88
Inverse Head and Shoulders 2016-06-30
Head and Shoulders Pattern2015-08-21
Double Bottom Pattern2015-01-22


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here The content provided by is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.