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 KOSPI (SEOUL.NDX) - Close: 2 024.69 (-6.38), Dec 9, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Neutral (Score: -14)
-Overall analysis, Dec 9, 2016
Analysis Explanation
KOSPI is technically negative for the short term, and neutral for the medium and long term.

 Weak Negative Candidate (Score: -50)
-Short term
KOSPI has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The index has support at points 2015 and resistance at points 2041. Negative volume balance weakens the index in the short term. RSI is overbought. This shows that the momentum of The index is strong and that the price may well rise further in the short term. We should see a decline in the RSI chart before this is considered to weaken the index. The index is overall assessed as technically slightly negative for the short term.

 Neutral (Score: 16)
-Medium term
KOSPI is within a rising trend. Continued positive development within the trend channel is indicated. Is moving within a rectangle formation between support at 1966 and resistance at 2090. 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 2007. Further rise to 2234 or more is signaled. The index is testing the resistance at points 2026. This should give a negative reaction, but an upward breakthough of points 2026 means a positive signal. The volume balance is negative and weakens the index in the short term. The index is overall assessed as technically neutral for the medium long term.

 Neutral (Score: 11)
-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 1966 and resistance at 2090. 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 2007. Further rise to 2234 or more is signaled. The index is approaching the resistance at points 2060, which may give a negative reaction. The RSI curve shows a falling trend, which is an early signal for a possible trend break down. The index is overall assessed as technically neutral for the long term.

1 day-0.59%456.89-0.31%
5 days-61.722.00%441.78+2.74%
22 days-39.634.86%522.08+3.39%
66 days-9.088.78%680.50-2.02%

 


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