FTSE:
The current market price is 9746.73, representing a 0.25% increase from the previous close.
Support and Resistance Levels
Support levels are at 9735.00, 9725.00, and 9715.00. Resistance levels are at 9760.00, 9770.00, and 9780.00, with a pivot point at 9750.00.
Indicators
The RSI is at 72.17, indicating overbought conditions. The ATR is 15.66, and the ADX is 9.81, suggesting weak trend strength. The 50-day SMA is 9746.17 and the 200-day EMA is 9747.78. The Parabolic SAR shows a bullish trend.
Market Sentiment
Since the market price is above the pivot point (9750.00), combined with bullish indicators, a bullish scenario is predicted.
FTSE Signals & Technical Analysis
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The FTSE 100 is an index of the top 100 companies listed on the London Stock Exchange. It is a weighted average index, based on market capitalization. Pronounced “footsie,” the FTSE is comprised of established blue chip companies from various industries including energy, construction, and pharmaceuticals. FTSE valuations are an indicator of the U.K.’s aggregate economic prowess and are influenced by corporate earnings, foreign trade levels, and the political environment.