Long Term
The market trend factors in multiple indicators, including Simple Moving Average, Exponential Moving Average, Pivot Point, Bollinger Bands, Relative Strength Index, and Stochastic.
FTSE:
The current market price is 8795.00, with a percentage change of +0.65% from the previous close.Support and Resistance Levels
The 3 support levels are 8756.16, 8748.90, and 8740.43, while the resistance levels are 8804.04, 8811.61, and 8820.73. The pivot point is 8774.50.Indicators
The RSI is at an elevated level of 70.61, indicating potential overbought conditions. The ADX stands at 36.0, suggesting a strong trend. The ATR measures 12.25, indicating significant volatility, while the 50-day SMA and 200-day EMA continue to show upward momentum. The Parabolic SAR is positioned below the price, signaling a bullish trend.Market Sentiment
Considering the price is above the pivot point of 8774.50, and the supporting indicators point towards bullish trends, a continuation of buying may occur.
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.