Long Term
The market trend factors in multiple indicators, including Simple Moving Average, Exponential Moving Average, Pivot Point, Bollinger Bands, Relative Strength Index, and Stochastic.
FTSE:
The current market price is 8320.69, reflecting a 0.00% change from the previous close.
Support and Resistance Levels
The current support levels are 8271.45, 8266.08, and 8260.83; the resistance levels are 8341.13, 8339.71, and 8338.27, with a pivot point at 8310.87.
Indicators
The RSI is at 51.44, indicating neutrality. The ATR is 12.04, suggesting moderate volatility. The ADX stands at 30.63, suggesting a strong trend. The 50-day SMA is 8291.34, while the 200-day EMA is 8267.41.
Market Sentiment
As the market price is above the pivot point (8310.87), and the ADX indicates a strong trend, a bullish scenario is anticipated.
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.