FTSE 100 (UKX) Underperforms All equity indices, Moves Down For the 2nd Day In A Row; Breaks Below 20 Day Average

The Hourly View for UKX

Last Updated January 4, 2021, 02:018 GMT

Currently, FTSE 100’s price is down -21.5 (-0.33%) from the hour prior. This is the 2nd hour in a row FTSE 100 has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 is down 1.45% (95.3) since the previous day, marking the 2nd day in a row a decline has happened. Those trading within the equity indices asset class should know that FTSE 100 was the worst performer in the class today. Below is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

Notably, FTSE 100 crossed below its 20 day moving average yesterday. 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 down 8 of the previous 14 trading days.