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 KOSPI (SEOUL.NDX) - Close: 1 969.17 (+12.11), May 27, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Weak Positive Candidate (Score: 45)
-Overall analysis, May 27, 2016
Analysis Explanation
KOSPI is technically positive for the short and medium term, and neutral for the long term.

 Weak Positive Candidate (Score: 29)
-Short term
KOSPI has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The index has broken up through the resistance at points 1964. This predicts a further rise. In case of negative reactions, there will now be support at points 1964. The index is assessed as technically slightly positive for the short term.

 Positive Candidate (Score: 52)
-Medium term
KOSPI has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. Is moving within a rectangle formation between support at 1839 and resistance at 2015. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 1943 and resistance at points 2020. The index is overall assessed as technically positive for the medium long term.

 Neutral (Score: 4)
-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 1839 and resistance at 2015. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 1890 and resistance at points 2060. The index is overall assessed as technically neutral for the long term.

1 day-0.56%0.00+0.62%
5 days0.001.97%0.00+1.10%
22 days0.005.06%0.00-2.29%
66 days0.0010.12%0.00+2.87%

 


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