UK FTSE All Share (.FTAS) climbs as trade war fears subside
The FTSE 100 closed up 83.77 points at 7621.69 on hopes US president Donald Trump is rowing back from launching a full-blown trade war.
German and French markets were also buoyant, and the US Dow Jones was ahead 157.1 points at 24,440.2 in early trading.
The pound was at $1.31 against the dollar and Brent crude was at $78.14 a barrel.
Like-for-like sales at Costa Coffee have been knocked by tough conditions on UK high streets, dragging down Whitbread’s first-quarter performance.
Overall, the bias in prices is: Sideways.
The projected upper bound is: 4,290.19.
The projected lower bound is: 4,113.15.
The projected closing price is: 4,201.67.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 32 white candles and 18 black candles for a net of 14 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 24.0849. This is not an overbought or oversold reading. The last signal was a buy 3 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 48.84. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 24 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -76. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 23 period(s) ago.
Rex Takasugi – TD Profile
FTSE-A ALL SHARE closed up 39.910 at 4,197.130. Volume was 57% above average (neutral) and Bollinger Bands were 33% narrower than normal.
Open High Low Close Volume___
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 4,198.65 4,193.14 4,095.55
Volatility: 21 13 12
Volume: 156,759,408 142,535,376 131,431,808
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FTSE-A ALL SHARE is currently 2.5% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of .FTAS at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on .FTAS and have had this outlook for the last 16 periods.
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