FTSE 100

(Last Updated September 18, 2020)

Hello! This is the news page for FTSE 100. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

A trend/countertrend situation exists on UKX, in which an uptrend exists on shorter timeframes but a downtrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.

UKX Moving Averages

Nuances in the trend on UKX can be understood by observing the behavior of its moving averages. Of the 20, 50, 100, and 200 day averages — three of them (all but the 100) — are bearish, suggesting the trend is generally downward, save for a rally that occurred about 3 months ago. Moreover, it should also be noted that the 20 SMA just turned bearish today.

The chart below illustrates.

The View From the Weekly Timeframe

At the time of this writing, UKX’s price is up $17.83 (0.3%) from the week prior. Moreover, note that this is the 2nd straight week UKX has seen its price head up. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. UKX’s weekly price action over the past 52 weeks can be seen via the chart below.