FTSE 100 (UKX) Down 0.37%; Nears 50 Day Moving Average
Out of the 14 instruments in the equity indices asset class, ftse 100 ended up ranking 5th for the day in terms of price change relative to the day prior.
FTSE 100
(Last Updated March 4, 2021)
Hello! This is the news page for FTSE 100. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
For FTSE 100, we have to zoom out to the 90 day timeframe and beyond to see a clear trend; at that point, a clear uptrend becomes apparent.
UKX Moving Averages
The moving averages on UKX indicate a trend that is clearly bullish.
The chart below illustrates.
The View From the Weekly Timeframe
At the time of this writing, UKX’s price is up 192.04 (2.96%) from the week prior. UKX has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows UKX’s price action over the past year.
FTSE 100 (UKX) Down 0.37%; Eyes 50 Day Average
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
FTSE 100 (UKX) Moves Up For the 3rd Straight Day; Crosses 50 Day Moving Average
From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
FTSE 100 (UKX) Moves Up For the 2nd Day In A Row, Breaks Above 20 Day Average; Price Base in Formation Over Past 30 Days
Out of the 14 instruments in the equity indices asset class, ftse 100 ended up ranking 2nd for the day in terms of price change relative to the previous day.
FTSE 100 (UKX) 2 Day Down Streak Broken, Price Base in Formation Over Past 14 and 30 Days; is Inching Close to 20 and 50 Day Averages
Also of note is that on the 14 and 30 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
FTSE 100 (UKX) Moves Down For the 2nd Straight Day; Crosses 20 and 50 Day Moving Averages
Relative to other instruments in the equity indices asset class, ftse 100 ranked 11th since the previous day in terms of percentage price change.
FTSE 100 (UKX) Heads Up For the 2nd Straight Day
It’s been a feast for bulls operating on an hourly timeframe, as ukx has now gone up 4 of the past 5 hours.
FTSE 100 (UKX) Up 0.5%
Of note is that the 20 hour changed directions on ukx; it is now pointing down.
FTSE 100 (UKX) Up 0.21%, is Inching Close to 50 Day Average; Pin Bar Pattern Appearing on Chart
Out of the 14 instruments in the equity indices asset class, ftse 100 ended up ranking 8th for the day in terms of price change relative to the previous day.
FTSE 100 (UKX) Down 0.18%, in an Uptrend Over Past 14 Days; Eyes 50 Day Average
This is a reversal of the price action on the previous hour, in which price moved up.