FTSE:
The current market price is 8800.9, reflecting a gain of 0.4% from the previous close.
Support and Resistance Levels
Support levels are 8777.31, 8772.91, and 8765.0, while resistance levels are 8829.98, 8836.61, and 8843.23, with a pivot point at 8789.12.
Indicators
The RSI is at 5.75, indicating oversold conditions, while the ADX is strong at 86.44, suggesting a strong trend. The ATR is at a low of 1.13, signaling low volatility. The 50-day SMA is at 8759.8, and the 200-day EMA is at 8590.5.
Market Sentiment
With the price above the pivot point (8789.12) and strong trend support, a bullish scenario is favored.
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.