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 KOSPI (SEOUL.NDX) Close: 2 094.12 (-13.51), Feb 24, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate (Score: 86)
-Overall analysis, Feb 24, 2017
Analysis Explanation
KOSPI is technically positive for the short, medium, as well as the long term.

 Positive Candidate (Score: 78)
-Short term
KOSPI is within a rising trend. Continued positive development within the trend channel is indicated. Has risen strongly since the positive signal from a rectangle formation at the break through the resistance at 2077. The objective at 2094 is now met, but the formation still gives a signal in the same direction. The index has support at points 2083. The index is overall assessed as technically positive for the short term.

 Positive Candidate (Score: 65)
-Medium term
KOSPI is in a rising trend and a continued rise within this trend may be expected. In addition, the price has now fallen back towards the floor of the trend channel, which should give a reaction up. Is moving within a rectangle formation between support at 1985 and resistance at 2112. 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 2230 or more is signaled. The index has support at points 2070. The index is overall assessed as technically positive for the medium long term.

 Positive Candidate (Score: 84)
-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 1775 and resistance at 2316. 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 2075. Further rise to 2328 or more is signaled. The index has broken up through the resistance at points 2060. This predicts a further rise. The index is overall assessed as technically positive for the long term.

1 day-0.55%776.58-0.64%
5 days-30.891.86%703.46+0.65%
22 days-0.954.40%698.83+1.37%
66 days-10.277.42%689.80+5.34%

 


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