FTSE 100

(Last Updated February 24, 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

If we observe the 90 and 14 day timeframes, we see an uptrend in place for UKX.

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, implying a upward trend, aside from a fall about 3 weeks prior.

The chart below illustrates.

The View From the Weekly Timeframe

Currently, UKX’s price is up 1.92 (0.03%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as UKX has now gone up 4 of the past 5 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart 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. The weekly chart below shows UKX’s price action over the past year.