Technical Analysis Of FTSE 100 UK

In this page, we will utilize technical analysis to see what is happening to UK's stock index, FTSE 100 and to see where it is likely to go. We will look at the short term picture, the mid term picture as well as the long term picture for UK's index.

February 12 2019

Along with the US market, the FTSE 100 has bottomed and managed to climb higher.

The chart above shows the daily chart of the FTSE 100.

There are a few positive signs for it.

  1. It has broken above a downtrend line
  2. It made a higher low
  3. It broke above a daily ascending triangle pattern
  4. There is a bullish cross

The FTSE 100 tells us it is starting a new uptrend after the sell off. 

However, it is still below the daily 200 MA and this might make it difficult for the index to climb higher in a smooth fashion. A possible pattern target is the ascending triangle target.

The top of the ascending triangle pattern is the new support and if FTSE is able to stay above this area, then it is likely to continue to climb higher.

The chart above is the weekly chart of FTSE 100. The recent bottom was marked by the weekly bottoming tail. Interesting reversal points can be given by the weekly chart. The top of the market was marked by a weekly topping tail.

It is when we zoom out into the monthly chart of FTSE 100 that we realize that the long term bull market in UK equities is still intact.

The index found support at the monthly uptrend line. Despite the gyrations, the UK's long term bull market can be considered still alright as long as it stays above the monthly uptrend line.

Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com

Charts with the investing.com logo are courtesy of Investing.com powered by Trading View

  • If you like this article, consider starting the Stock Market Course. It is free and jam packed with great information for newbies.
  • Want to have updates on the financial markets? Join my Telegram Channel. Dstockmarket.com Channel.
  • Help support this page and press the Facebook Like button below. Thanks!

Recent Articles

RSS

  1. Technical Analysis Of DNEX (Dagang Nexchange)

    Feb 13, 19 01:23 PM

    In this page, we will attempt to analyze DNEX using principles of technical analysis. We will be looking at the weekly, daily and 60 min charts.

    Read More

  2. Technical Analysis Of US Stock Market February 2019

    Feb 13, 19 05:59 AM

    An analysis of the US stock market using the principles of technical analysis. What is Dow Jones doing and where will it likely go.

    Read More

  3. Technical Analysis Of VS Industry

    Feb 13, 19 04:52 AM

    In this article, we will analyze what VS Industry is doing through technical analysis. We will also look at what its trend is. Join me on this journey of technical analysis of VS Industry.

    Read More

  4. Technical Analysis Of Supermax

    Feb 12, 19 11:56 AM

    In this article we will use technical analysis to analyze what the price of Supermax is doing and to see what it is telling us.

    Read More

  5. Technical Analysis Of FTSE 100 UK

    Feb 12, 19 06:41 AM

    In this page, we will utilize technical analysis to see what is happening to UK's stock index, FTSE 100 and to see where it is likely to go.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.