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 KOSPI (SEOUL.NDX) Close: 2 391.95 (+3.27), Jun 27, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate (Score: 62)
-Overall analysis, Jun 27, 2017
Analysis Explanation
KOSPI is technically neutral for the short term, but positive for the medium and long term.

 Neutral (Score: 17)
-Short term
KOSPI is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. The index has support at points 2360. Volume tops correspond with price bottoms and volume bottoms correspond with price tops. Volume balance is also negative, which weakens the rising trend and could be an early signal for a coming trend break. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically neutral for the short term.

 Weak Positive Candidate (Score: 29)
-Medium term
KOSPI is in a rising trend and a continued rise within this trend may be expected. However, the price is now close to the ceiling of the trend channel, which may give a reaction down. Has risen strongly since the positive signal from a rectangle formation at the break through the resistance at 2116. The objective at 2246 is now met, but the formation still gives a signal in the same direction. The index has support at points 2065. Negative volume balance weakens the index in the short term. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically slightly positive for the medium long term.

 Positive Candidate (Score: 80)
-Long term
KOSPI has broken up from an approximate horizontal trend. This signals a continued strong development, and the index now meets support on possible reactions down towards the ceiling of the trend channel. It also gave positive signal from a rectangle formation at the break up through the resistance at 2334. Further rise to 2790 or more is signaled. The index has support at points 2180. The index is overall assessed as technically positive for the long term.

1 day-0.50%691.98+0.14%
5 days-73.521.62%704.94+0.96%
22 days-23.164.15%838.63+2.09%
66 days-28.027.28%829.85+9.80%

 


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