FTSE 100 (UKX) Up 0.35%; Crosses 20 Day Moving Average

The Hourly View for UKX

Last Updated April 6, 2021, 03:018 GMT

Currently, FTSE 100’s price is up 25.98 (0.38%) from the hour prior. FTSE 100 has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend 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 entered today at 6737.3, up 0.35% ($23.67) from the previous day. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 12th since the previous day in terms of percentage price change. Below is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

Moving average crossovers are always interesting, so let’s start there: FTSE 100 crossed above its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 14 days.