FTSE:
The current market price is 9705.00, reflecting a 0.15% increase from the previous close.
Support and Resistance Levels
Support levels are identified at 9690.00, 9675.00, and 9660.00, while resistance levels are at 9720.00, 9730.00, and 9745.00. The pivot point is 9700.00.
Indicators
The RSI is at 61.99, indicating bullish momentum. ATR stands at 12.44, indicating moderate volatility. The ADX is at 18.84, suggesting a weak trend. The 50-day SMA is 9714.35, and the 200-day EMA is at 9690.43. The Parabolic SAR shows values below the price, reinforcing the bullish trend.
Market Sentiment
The current price is above the pivot point of 9700.00, with supportive indicators suggesting a bullish trend.
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.