FTSE:
The current market price is 9950.75, reflecting a 0.2% change from the previous close.
Support and Resistance Levels
The support levels are 9940.36, 9899.71, and 9880.87, while the resistance levels are 9965.73, 9975.85, and 10001.76. The pivot point is 9950.
Indicators
The RSI stands at 52.03, indicating neutral momentum. The ATR is 15.56, suggesting higher volatility, whereas the ADX is 27.24, showing a strong trend. The 50-day SMA is 9955.90 and the 200-day EMA is 9951.40. Parabolic SAR shows bullish signals as current price remains above.
Market Sentiment
With the pivot point at 9950, the market appears bullish supported by favorable indicators and price trends.
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.