FTSE 100 (UKX) Down 0.26%; in an Uptrend Over Past 30 Days

The Hourly View for UKX

Last Updated April 28, 2021, 03:018 GMT

At the moment, FTSE 100’s price is up 4.49 (0.06%) from the hour prior. FTSE 100 has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. 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

The choppiness in the recent daily price action of FTSE 100 continues; to start today, it came in at a price of 6944.97 US dollars, down 0.26% (18.15) since the previous day. Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 11th for the day in terms of price change relative to the previous day. The daily price chart of FTSE 100 below illustrates.

UKX

FTSE 100 Technical Analysis

Volatility for FTSE 100 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 17 out of the past 30 days.