FTSE:
The current market price is 8182.07, reflecting a 2.25% increase from the previous close.Support and Resistance Levels
The key support levels are at 8110.00, 8099.16, and 8080.00, while resistance levels are at 8200.00, 8225.00, and 8250.00. The pivot point is 8181.00.Indicators
The RSI is at 62.68, indicating a bullish momentum. The ATR is 24.41, suggesting high volatility. The ADX is at 28.66, indicating a strong trend. The Parabolic SAR shows an upward trend, supportive of the bullish scenario.Market Sentiment
Given the price is above the pivot point of 8181.00 and the indicators are bullish, a continuation of the bullish trend is 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.