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 KOSPI (SEOUL.NDX) - Close: 1 925.69 (-5.96), Oct 24, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Neutral (Score: -18)
-Overall analysis, Oct 24, 2014
Analysis Explanation
KOSPI is technically neutral for the short and medium term, but negative for the long term.

 Neutral (Score: 17)
-Short term
KOSPI has broken the falling trend and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The index has support at points 1900 and resistance at points 2030. The index is assessed as technically neutral for the short term.

 Neutral (Score: -7)
-Medium term
KOSPI has broken the rising trend and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The index has received a negative signal from the moving average indicator, thus signaling a continued fall. The index has support at points 1890 and resistance at points 2013. RSI is oversold, which indicates a potential short-term reaction up. The index is overall assessed as technically neutral for the medium long term.

 Weak Negative Candidate (Score: -41)
-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 1797 and resistance at 2066. 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 2050. This predicts a further decline. 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-0.55%0.00-0.31%
5 days0.001.82%0.00+1.32%
22 days0.004.51%0.00-5.09%
66 days0.008.19%0.00-5.09%


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