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 KOSPI (SEOUL.NDX) - Close: 1 925.24 (-61.47), Jun 24, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Negative Candidate (Score: -67)
-Overall analysis, Jun 24, 2016
Analysis Explanation
KOSPI is technically negative for the short and medium term, but positive for the long term.

 Negative Candidate (Score: -83)
-Short term
KOSPI has broken down from an approximate horizontal trend. This signals a continued weak development, and the index now meets resistance on possible reactions up towards the floor of the trend channel. The index has broken down through the support at points 1937. This predicts a further decline. The index is assessed as technically negative for the short term.

 Negative Candidate (Score: -93)
-Medium term
KOSPI is within a falling trend, which indicates a continued decline. Is moving within a rectangle formation between support at 1840 and resistance at 2010. 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 1943. This predicts a further decline. In case of positive reactions, there will now be resistance at points 1943. The index is overall assessed as technically negative for the medium long term.

 Weak Positive Candidate (Score: 37)
-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 1799 and resistance at 2264. A decisive break through one of these levels indicates the new direction for the index. The index is approaching the support at points 1890, which may give a positive reaction. The index is overall assessed as technically slightly positive for the long term.

1 day-0.58%0.00-3.09%
5 days0.002.02%0.00-1.44%
22 days0.005.05%0.00-0.64%
66 days0.0010.05%0.00-3.58%

 


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