KOSPI (SEOUL.NDX) - Close: 1 915.53 (+0.31), Sep 3, 2015

Chart Technical Analysis KOSPI (SEOUL)

 Weak Negative Candidate (Score: -27)
-Overall analysis, Sep 3, 2015
Analysis Explanation
KOSPI is technically negative for the short and medium term, and neutral for the long term.

 Weak Negative Candidate (Score: -43)
-Short term
KOSPI is within a falling trend and continued decline within the current trend is indicated. On reactions back, there is resistance against the ceiling of the trend channel. The index has support at points 1830 and resistance at points 2030. The index is assessed as technically slightly negative for the short term.

 Weak Negative Candidate (Score: -29)
-Medium term
KOSPI has broken the falling trend down. This signals an even stronger falling rate. The index is approaching the support at points 1900, which may give a positive reaction. The index is assessed as technically slightly negative for the medium long term.

 Neutral (Score: 25)
-Long term
KOSPI is within an approximate horizontal trend, which indicates further development in the same direction. Has reacted back after a false break of a rectangle formation. A significant penetration of 1879 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index has broken up through the resistance at points 1900. This predicts a further rise. The index is overall assessed as technically neutral for the long term.

1 day-0.49%0.00+0.02%
5 days0.001.71%0.00+0.39%
22 days0.004.23%0.00-5.55%
66 days0.007.77%0.00-7.16%


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