FTSE:
The current market price is 8627.41, reflecting a 0.0% change from the previous close.Support and Resistance Levels
Current support levels are 8620, 8600, and 8585, while resistance levels are 8650, 8667, and 8680, with a pivot point at 8615.Indicators
The RSI stands at 39.47, indicating a neutral trend, while the ADX is at 46.41, suggesting a strong trend. The ATR is 25.68, implying moderate volatility, and the Parabolic SAR is positioned at 8627.41, which aligns with current prices.Market Sentiment
As the market price is below the pivot point (8615) and indicators suggest a bearish trend, further declines are likely.
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.