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 KOSPI (SEOUL.NDX) - Close: 2 043.63 (-25.09), Sep 30, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate (Score: 83)
-Overall analysis, Sep 30, 2016
Analysis Explanation
KOSPI is technically positive for the short, medium, as well as the long term.

 Positive Candidate (Score: 79)
-Short term
KOSPI is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. The index has support at points 2030 and resistance at points 2067. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the index in the short term. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically positive for the short term.

 Positive Candidate (Score: 86)
-Medium term
KOSPI is within a rising trend. Continued positive development within the trend channel is indicated. 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 between the support at points 2025 and the resistance at points 2055. A definitive break through of one of these levels predicts the new direction. The volume balance is positive and strengthens the index in the short term. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The index is overall assessed as technically positive for the medium long term.

 Weak Positive Candidate (Score: 43)
-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 1790 and resistance at 2285. 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 has marginally broken down through the support at points 2050. An established break predicts a further decline. The index is overall assessed as technically slightly positive for the long term.

1 day-0.59%648.25-1.21%
5 days77.802.03%929.74-0.51%
22 days34.015.10%902.63+0.19%
66 days-0.229.21%658.02+6.06%

 


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