UK FTSE All Share (.FTAS) ends higher, rising from 6-week low as Ocado, tobacco firms rally
U.K. stocks rose on Tuesday, with tobacco companies among biggest gainers after a positive broker note, helping London’s blue-chip index bounce off a six-week low that it reached as trade tensions between the U.S. and China escalated.
The FTSE 100 index UKX, +0.31% gained 0.3% to close at 7,627.40, partly recovering from a 0.4% loss on Tuesday.
Overall, the bias in prices is: Sideways
The projected upper bound is: 4,283.54.
The projected lower bound is: 4,133.65.
The projected closing price is: 4,208.60.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 32 white candles and 18 black candles for a net of 14 white candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
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 23.0689. This is not an overbought or oversold reading. The last signal was a buy 0 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 47.36. 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 19 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 -103.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 3 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 18 period(s) ago.
Rex Takasugi – TD Profile
FTSE-A ALL SHARE closed up 13.220 at 4,203.660. Volume was 2% below average (neutral) and Bollinger Bands were 58% 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: 4,233.51 4,174.34 4,092.26
Volatility: 12 11 12
Volume: 149,708,304 140,136,416 130,343,384
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 2.7% above its 200-period moving average and is in an downward trend. Volatility is 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 11 periods.