FTSE 100 (UKX) Up 0.61%; in an Uptrend Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
FTSE 100
(Last Updated January 23, 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
On UKX, there is currently an uptrend on the 90 and 30 day timeframes.
UKX Moving Averages
The moving averages on UKX indicate a trend that is clearly bullish.
Below is a chart showing UKX’s price with its moving averages.
The View From the Weekly Timeframe
At the time of this writing, UKX’s price is down -20.29 (-0.3%) from the week prior. It’s been a feast for bears operating on the weekly timeframe, as UKX has now gone down 4 of the past 5 weeks. As for the trend on the weekly timeframe, we see the clearest trend on the 10 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) Outperforms All equity indices, Makes Big Move Relative to Two Week Trend; Breaks Above 20 Day Average
Ftse 100 outperformed all 14 assets in the equity indices asset class since the day prior.
FTSE 100 (UKX) Underperforms All equity indices, Moves Down For the 2nd Day In A Row; Breaks Below 20 Day Average
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
FTSE 100 (UKX) Underperforms All equity indices, Moves Down For the 2nd Day In A Row; Breaks Below 20 Day Average
On a relative basis, ftse 100 was the worst performer out of all 14 of the assets in the equity indices asset class today.
FTSE 100 (UKX) Underperforms All equity indices; Down 0.71%
On a relative basis, ftse 100 was the worst performer out of all 14 of the assets in the equity indices asset class today.
FTSE 100 (UKX) Makes Big Move Relative to Two Week Trend; Heads Up For the 4th Consecutive Day
Relative to other instruments in the equity indices asset class, ftse 100 ranked 2nd since the day prior in terms of percentage price change.
FTSE 100 (UKX) Moves Up For the 3rd Straight Day, Nears 20 Day Moving Average; Pin Bar Pattern Appearing on Chart
This is the 2nd hour in a row ftse 100 has seen its price head up.
FTSE 100 (UKX) Up 0.1%, in a Downtrend Over Past 14 Days; is Inching Close to 20 Day Average
Price action traders may also wish to note that we see a doji candlestick pattern on ftse 100.
FTSE 100 (UKX) Moves Up For the 3rd Straight Day, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down.
FTSE 100 (UKX) Moves Up For the 2nd Consecutive Day; Breaks Above 20 Day Average
Out of the 14 instruments in the equity indices asset class, ftse 100 ended up ranking 9th for the day in terms of price change relative to the previous day.