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 KOSPI (SEOUL.NDX) Close: 2 205.44 (-4.02), Apr 28, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate (Score: 80)
-Overall analysis, Apr 28, 2017
Analysis Explanation
KOSPI is technically positive for the short, medium, as well as the long term.

 Positive Candidate (Score: 52)
-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 2180. 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 seen as a negative signal. The index is overall assessed as technically positive for the short term.

 Positive Candidate (Score: 68)
-Medium 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. Has given positive signal from a rectangle formation by a break up through the resistance at 2116. Further rise to 2246 or more is signaled. The index has support at points 2070. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically positive for the medium long term.

 Positive Candidate (Score: 73)
-Long term
KOSPI is in an approximate horizontal trend and a continued development within this trend may be expected. The price has now risen up towards the ceiling of the trend channel, which should give a reaction down. Is moving within a rectangle formation between support at 1768 and resistance at 2330. 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 2116. Further rise to 2246 or more is signaled. The index has broken up through the resistance at points 2170. This predicts a further rise. Negative volume balance weakens the index in the short term. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The index is overall assessed as technically positive for the long term.

1 day-0.50%592.47-0.18%
5 days37.881.66%729.58+1.87%
22 days-27.274.03%835.22+1.77%
66 days-15.987.10%781.97+6.76%

 


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