KOSPI (SEOUL.NDX) - Close: 2 028.99 (-1.69), Nov 27, 2015

Chart Technical Analysis KOSPI (SEOUL)

 Weak Negative Candidate (Score: -43)
-Overall analysis, Nov 27, 2015
Analysis Explanation
KOSPI is technically positive for the short term, but negative for the medium and long term.

 Weak Positive Candidate (Score: 30)
-Short term
KOSPI is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. The index has support at points 1944 and resistance at points 2050. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically slightly positive for the short term.

 Negative Candidate (Score: -54)
-Medium term
KOSPI does not show any clear trend. The index is testing the resistance at points 2030. This should give a negative reaction, but an upward breakthough of points 2030 means a positive signal. The index is assessed as technically negative for the medium long term.

 Negative Candidate (Score: -54)
-Long term
KOSPI is within an approximate horizontal trend, which indicates further development in the same direction. Is moving within a rectangle formation between support at 1820 and resistance at 2220. A decisive break through one of these levels indicates the new direction for the index. The index is testing the resistance at points 2050, which may give a negative reaction. The index is overall assessed as technically negative for the long term.

1 day-0.52%0.00-0.08%
5 days0.001.82%0.00+1.97%
22 days0.004.62%0.00-0.66%
66 days0.009.29%0.00+9.88%


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.