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 KOSPI (SEOUL.NDX) - Close: 2 065.61 (-7.18), Jan 20, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Weak Positive Candidate (Score: 47)
-Overall analysis, Jan 20, 2017
Analysis Explanation
KOSPI is technically neutral for the short term, but positive for the medium and long term.

 Neutral (Score: -23)
-Short term
KOSPI is within a rising trend, which indicates a continued growth. The index has broken down through the support at points 2070. This predicts a further decline. In case of positive reactions, there will now be resistance at points 2070. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically neutral for the short term.

 Weak Positive Candidate (Score: 35)
-Medium term
KOSPI is within a rising trend, which indicates a continued growth. Is moving within a rectangle formation between support at 1977 and resistance at 2102. 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 2070. An established break predicts a further decline. The index is overall assessed as technically slightly positive for the medium long term.

 Positive Candidate (Score: 77)
-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 1977 and resistance at 2102. 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 is testing the support at points 2060. This should give a positive reaction, but a downward breakthrough of points 2060 means a negative signal. The index is overall assessed as technically positive for the long term.

1 day-0.57%799.08-0.35%
5 days-47.721.94%1 072.16-0.54%
22 days-7.644.77%833.48+1.36%
66 days-21.467.91%661.30+1.23%

 


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