FTSE:
The current market price is $8853.21, reflecting a 0.45% increase from the previous close.
Support and Resistance Levels
Current support levels are at $8827.72, $8830.00, and $8840.00 with resistance levels at $8851.71, $8853.72, and $8860.00. The pivot point stands at $8844.50.
Indicators
The RSI is at 54.98, indicating a neutral position. The ADX shows strength with a value of 36.2, and the ATR is at 12.22143, suggesting increasing market volatility. The 50-day SMA is at $8856.66, and the PAR (Parabolic SAR) indicates a potential upward trend.
Market Sentiment
Given the current price is above the pivot point of $8844.50 and supported by indicators, a bullish trend 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.