FTSE 100 (UKX) Down 0.18%, in an Uptrend Over Past 14 Days; Eyes 50 Day Average

The Hourly View for UKX

Last Updated February 23, 2021, 23:18 GMT

Currently, FTSE 100’s price is down -5.5 (-0.08%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 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

6612.24 was the closing price of the day for FTSE 100, resulting in today being one in which price moved down 0.18% ($11.78) from yesterday. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 4th since yesterday in terms of percentage price change. Below is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days FTSE 100’s price has gone down 19 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!