FTSE 100 (UKX) Up 0.27%; in an Uptrend Over Past 30 Days

The Hourly View for UKX

Last Updated April 29, 2021, 03:018 GMT

At the time of this writing, FTSE 100’s price is down -5.5 (-0.08%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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 6963.67, up 0.27% ($18.7) from the day prior. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 7th since the day prior in terms of percentage price change. Let’s take a look at the 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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that FTSE 100’s price has gone up 6 of the previous 10 trading days.