FTSE:
The current market price stands at 8780.76, reflecting a 0.3% increase from the previous close.
Support and Resistance Levels
Current support levels are 8770.50, 8760.32, and 8757.00; resistance levels are 8800.00, 8820.00, and 8850.00. The pivot point is 8789.00.
Indicators
The RSI is at 50.1, suggesting neutrality. The ATR is 364.67, indicating potential volatility. The ADX is rising, presently at 10.86, implying strengthening trends. The Parabolic SAR shows a bullish trend as it is below the price.
Market Sentiment
The price is below the pivot point of 8789.00 and coupled with bearish indicators, suggesting a downward movement ahead.
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.