FTSE:
The current market price is 10,736.30, reflecting a gain of 1.15% from the previous close.
Support and Resistance Levels
The support levels are 10,675.00, 10,650.00, and 10,625.00. The resistance levels are 10,750.00, 10,775.00, and 10,800.00, with a pivot point at 10,715.00.
Indicators
The RSI is at 60.37, suggesting bullish momentum. The ATR is at 20.63, indicating moderate volatility. The ADX is at 27.50, signaling a strengthening trend. The Parabolic SAR indicates support at 10,680.00.
Market Sentiment
With a price above the pivot of 10,715.00 and supportive indicators, expect a bullish trend.
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.