UK FTSE All Share (.FTAS) slips as oil shares fall, Fed steps into the spotlight
U.K. stocks finished a choppy session with a tiny loss Wednesday, with investors entering wait-and-see mode ahead of the U.S. Federal Reserve’s decision on interest rates, while latest figures on British inflation came in as expected.
How markets performed
The FTSE 100 index UKX, +0.00% shed less than 1 point to end at 7,703.71, but that was enough to land it in the red for a second straight session. The telecom and oil and gas groups fell the most, while techs led advancers. On Tuesday, the blue-chip benchmark fell 0.4%.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 4,330.12.
The projected lower bound is: 4,180.28.
The projected closing price is: 4,255.20.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 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 64.6170. This is not an overbought or oversold reading. The last signal was a buy 8 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 56.01. 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 14 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 44. This is not a topping or bottoming area. The last signal was a buy 9 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 13 period(s) ago.
Rex Takasugi – TD Profile
FTSE-A ALL SHARE closed down -0.730 at 4,248.120. Volume was 0% above average (neutral) and Bollinger Bands were 53% 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: 4,244.72 4,145.11 4,088.15
Volatility: 8 12 12
Volume: 143,333,024 135,761,552 128,810,312
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 3.9% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. 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 6 periods.