FTSE: The current market price is $8450.25, reflecting no change from the previous close.Support and Resistance Levels: The current support levels are at $8406.02, $8410.12, and $8421.32, while resistance levels are $8458.03, $8456.03, and $8454.89. The pivot point stands at $8450.25.Indicators: The RSI is currently at 61.63, indicating a neutral momentum. The ATR shows increasing volatility with a latest value of 19.91858. The 50-day SMA is at 8440.46038, supporting a bullish trend.Market Sentiment: Given the market price is above the pivot point of $8450.25 and indicators suggest bullish momentum, a buying trend 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.