FTSE:
The current market price is 9250.00, showing a 0.5% increase from the previous close.
Support and Resistance Levels
Key support levels are at 9200, 9150, and 9100, while resistance levels are at 9300, 9350, and 9400. The pivot point is 9250.
Indicators
RSI is at 40.38, indicating the market is nearing oversold conditions. ATR is 14.52, suggesting higher volatility. ADX stands at 22.79, signaling a weak trend. The 50-day SMA is 9240.34, and the 200-day EMA is 9238.75, both hinting at price stability. The Parabolic SAR is supporting upward movement.
Market Sentiment
With a pivot point at 9250, if prices remain above, a bullish trend is likely, supported by indicators.
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.