FTSE:
The current market price is 9160.61, reflecting a rise of 0.48% from the previous close.
Support and Resistance Levels
Established support levels are at 9141.62, 9139.94, and 9136.64; resistance levels are identified at 9165.85, 9172.33, and 9175.90, with a pivot point at 9161.97.
Indicators
The RSI is at 74.78, suggesting overbought conditions. The ADX is 50.84, indicating a strong trend, while the ATR is 20.71, signaling an increase in volatility. The Parabolic SAR is at 9187.39, supporting bullish momentum.
Market Sentiment
As the price is below the pivot point (9161.97) and the indicators reflect overbought conditions, a bearish scenario is projected.
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.