FTSE 100 (UKX) Moves Up For the 2nd Straight Day; in an Uptrend Over Past 30 Days

The Hourly View for UKX

Last Updated April 23, 2021, 03:018 GMT

At the moment, FTSE 100’s price is down -7 (-0.1%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

FTSE 100 Daily Price Recap

FTSE 100 came into today up 0.62% (42.95) from the open of the previous day, marking the 2nd straight day an upward move has occurred. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 8th since the previous day in terms of percentage price change. Below is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that FTSE 100’s price has gone up 10 of the previous 14 trading days.