FTSE 100 (UKX) Up 3.08%, Crosses 20 Day Moving Average; in a Downtrend Over Past 90 Days

FTSE 100 Daily Price Recap

5582.39 was the closing price of the day for FTSE 100, resulting in today being one in which price moved up 3.08% ($166.89) from the day prior. Out of the 8 instruments in the global equity indices asset class, FTSE 100 ended up ranking 6th for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of FTSE 100.

FTSE 100 Technical Analysis

Notably, FTSE 100 crossed above its 20 day moving average yesterday. 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. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 7 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about FTSE 100:

  • From jaynemesis:

    Boris in hospital, $FTSE 100 shorts still running, didn’t expect this, but I expect the markets won’t be thrilled tomorrow morning.

  • From RabBrucesSpider:

    @itvnews @DanielHewittITV This seems a good idea. No doubt it also applies to City Bankers, CEOs of FTSE 100 companies & members of the Royal family among other wealthy people.

  • From dafruk1:

    @khaiell @Leaky_cheese The other issue being you can get 20% off at most online retailers and in these times you are best supporting small local businesses over the top performing company in the FTSE 100 over the past couple of years.