FTSE 100 (UKX) Price Near 5815; Nears 20 Day Moving Average, Heads Down For the 3rd Day In A Row

The Hourly View for UKX

Last Updated September 21, 2020, 12:56 GMT

At the moment, UKX’s price is up 3.5 (0.06%) from the hour prior. This is the 2nd consecutive hour UKX has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on UKX. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 down 0.71% (42.87) from the open of the previous day, marking the 3rd day in a row it has gone down. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 9th since the previous day in terms of percentage price change. Here 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 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days FTSE 100’s price has gone down 17 them.

Overheard on Twitter

Behold! Here are the top tweets related to FTSE 100:

  • From truemagic68:

    The threat of further Covid19 interference on life coupled with allegations of Ponzi money laundering schemes concerning HSBC will take European market lower early doors. Suggested opening calls– FTSE 100 -40 at 5976, DAX -54 at 13102, CAC40 -27 at 4951, DJIA -6 at 27647 @ 5.39am

  • From pommylee:

    @librarieshacked @BarumDean @cliodiaspora CEOs & senior execs at FTSE 100 company’s are wildly overpaid mediocrity’s who’s pay as little to no relationship to performance, still waiting to be shown how a 10 million CEO delivers 10 times the benefit to shareholders of an avg MBA holder

  • From 58JDM:

    @whattosayday @InayaFolarin Except – the average age of FTSE 100 Directors is in their 60’s, with decades of relevant experience. The usual comparison is % of POC in the population today with FTSE 100 Directors. Totally false comparison highlighting the politicised agenda rather than anything meaningful