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 KOSPI (SEOUL.NDX) - Close: 2 026.62 (-1.70), Jul 24, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Neutral (Score: 24)
-Overall analysis, Jul 24, 2014
Analysis Explanation
KOSPI is technically positive for the short and medium term, but negative for the long term.

 Weak Positive Candidate (Score: 31)
-Short term
KOSPI is within a rising trend, which indicates a continued growth. Is moving within a rectangle formation between support at 1987 and resistance at 2030. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 2015. The index is overall assessed as technically slightly positive for the short term.

 Positive Candidate (Score: 61)
-Medium term
KOSPI shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. Is moving within a rectangle formation between support at 1987 and resistance at 2045. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 2000. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically positive for the medium long term.

 Weak Negative Candidate (Score: -49)
-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 1859 and resistance at 2064. A decisive break through one of these levels indicates the new direction for the index. 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. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the index and increases the chance of a break up. The index is overall assessed as technically slightly negative for the long term.

1 day-0.55%0.00-0.08%
5 days0.001.83%0.00+0.28%
22 days0.004.55%0.00+1.62%
66 days0.008.20%0.00+1.74%


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