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 KOSPI (SEOUL.NDX) - Close: 1 964.84 (0.00), Nov 21, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Negative Candidate (Score: -74)
-Overall analysis, Nov 21, 2014
Analysis Explanation
KOSPI is technically negative for the short, medium, as well as the long term.

 Negative Candidate (Score: -72)
-Short term
KOSPI has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. The index is testing the resistance at points 1967. This should give a negative reaction, but an upward breakthough of points 1967 means a positive signal. The index is assessed as technically negative for the short term.

 Negative Candidate (Score: -54)
-Medium term
KOSPI does not show any clear trend. Is moving within a rectangle formation between support at 1903 and resistance at 2093. A decisive break through one of these levels indicates the new direction for the index. The index is testing the resistance at points 1970. This should give a negative reaction, but an upward breakthough of points 1970 means a positive signal. The index is overall assessed as technically negative for the medium long term.

 Weak Negative Candidate (Score: -39)
-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 1903 and resistance at 2093. A decisive break through one of these levels indicates the new direction for the index. The index has broken down through the support at points 2030. This predicts a further decline. In case of positive reactions, there will now be resistance at points 2030. 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-0.54%0.000.00%
5 days0.001.79%0.00+1.01%
22 days0.004.48%0.00+1.44%
66 days0.008.00%0.00-5.13%


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