FTSE 100 (UKX) Outperforms All equity indices, Up 0.12%; in an Uptrend Over Past 30 Days

The Hourly View for UKX

Last Updated May 3, 2021, 02:018 GMT

At the time of this writing, FTSE 100’s price is up 5 (0.07%) from the hour prior. FTSE 100 has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on UKX; it is now pointing up. 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 entered today at 6969.81, up 0.12% ($8.33) from the previous day. FTSE 100 outperformed all 14 assets in the equity indices asset class since the previous day. Congrats to its holders! Below is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

Volatility for FTSE 100 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 additional context, note that price has gone up 9 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.