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 KOSPI (SEOUL.NDX) - Close: 1 980.21 (+1.67), Nov 25, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Weak Positive Candidate (Score: 36)
-Overall analysis, Nov 25, 2014
Analysis Explanation
KOSPI is technically positive for the short and medium term, but negative for the long term.

 Positive Candidate (Score: 55)
-Short term
KOSPI is within a rising trend. Continued positive development within the trend channel is indicated. The index has support at points 1967 and resistance at points 2030. RSI is overbought. The index can still rise further, and we should see a decreasing RSI before this is used as a negative signal. The index is overall assessed as technically positive for the short term.

 Positive Candidate (Score: 54)
-Medium term
KOSPI does not show any clear trend. Is moving within a rectangle formation between support at 1903 and resistance at 2093. A decisive break through one of these levels indicates the new direction for the index. The index has broken up through the resistance at points 1970. This predicts a further rise. The index is overall assessed as technically positive for the medium long term.

 Weak Negative Candidate (Score: -42)
-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 1903 and resistance at 2093. 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 2030. This predicts a further decline. In case of positive reactions, there will now be resistance at points 2030. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This strengthens the index and increases the chance of a break up. The index is overall assessed as technically slightly negative for the long term.

1 day-0.54%0.00+0.08%
5 days0.001.78%0.00+0.67%
22 days0.004.47%0.00+2.83%
66 days0.007.98%0.00-3.13%


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