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 KOSPI (SEOUL.NDX) - Close: 1 976.71 (-9.70), May 4, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Weak Positive Candidate (Score: 47)
-Overall analysis, May 4, 2016
Analysis Explanation
KOSPI is technically positive for the short term, and neutral for teh medium and long term.

 Positive Candidate (Score: 73)
-Short term
KOSPI is within a rising trend, which indicates a continued growth. The index is approaching the support at points 1964, which may give a positive reaction. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically positive for the short term.

 Neutral (Score: 10)
-Medium term
KOSPI does not show any clear trend. Is moving within a rectangle formation between support at 1838 and resistance at 2020. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 1834 and resistance at points 2020. The index is overall assessed as technically neutral for the medium long term.

 Neutral (Score: 6)
-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 1838 and resistance at 2020. 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-0.57%0.00-0.49%
5 days0.001.99%0.00-1.92%
22 days0.005.04%0.00+0.16%
66 days0.009.95%0.00+3.66%

 


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