FTSE 100 (UKX) Down 0.44%; in an Uptrend Over Past 90 Days

The Hourly View for UKX

Last Updated June 18, 2021, 01:013 GMT

Currently, UKX’s price is up 8 (0.11%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 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’s 5 day positive streak has officially concluded, as the candle from yesterday closed down 0.44% (31.52). Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 10th for the day in terms of price change relative to yesterday. Here is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that FTSE 100’s price has gone up 8 of the previous 10 trading days.