FTSE:
The current market price is 9876.74, which reflects a 1.25% decrease from the previous close.
Support and Resistance Levels
The support levels are 9701.36, 9657.28, and 9600.15, while the resistance levels are 9900.78, 9950.92, and 10000.52. The pivot point is 9850.00.
Indicators
The RSI is at 40.03, indicating a neutral position. ATR is at 22.639, suggesting moderate volatility. The ADX is 74.525, indicating a strong trend. The 50-day SMA is at 9701.36 while the 200-day EMA is at 9480.53. The Parabolic SAR is currently at 9891.07, indicating a potential bullish trend.
Market Sentiment
A bullish scenario is suggested as the price is above the pivot point of 9850.00, supported by the indicators and rising trend line.
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.