FTSE 100

(Last Updated March 16, 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, 30 and 14 day timeframes.

UKX Moving Averages

UKX’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, suggesting the trend is generally upward, save for a drop that occurred about 3 weeks ago. Moreover, today we saw the 20 moving average turn bearish.

Below is a chart showing UKX’s price with its moving averages.

The View From the Weekly Timeframe

At the moment, UKX’s price is down -11.77 (-0.17%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on UKX. Given that we see an uptrend on the 20 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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. UKX’s weekly price action over the past 52 weeks can be seen via the chart below.