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 KOSPI (SEOUL.NDX) - Close: 2 012.32 (+1.98), Jul 25, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Weak Positive Candidate (Score: 26)
-Overall analysis, Jul 25, 2016
Analysis Explanation
KOSPI is technically positive for the short and long term, but negative for the medium term.

 Positive Candidate (Score: 53)
-Short term
KOSPI does not show any clear trend. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 1997. Further rise to 2069 or more is signaled. The index has support at points 2000 and resistance at points 2020. The index is overall assessed as technically positive for the short term.

 Weak Negative Candidate (Score: -39)
-Medium term
KOSPI is in a falling trend and a continued decline within this trend may be expected. In addition, the price has now risen up towards the ceiling of the trend channel, which should give a reaction down. 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 2020, which may give a negative reaction. The index is overall assessed as technically slightly negative for the medium long term.

 Weak Positive Candidate (Score: 33)
-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 1796 and resistance at 2270. 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 2050, which may give a negative reaction. The index is overall assessed as technically slightly positive for the long term.

1 day-0.58%697.74+0.10%
5 days44.752.02%701.73-0.43%
22 days-1.105.11%268.93+0.99%
66 days7.179.89%89.64+0.32%

 


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