UK 100 (CBOE) (BUK100P.NDX)
Close: 833.99 (+7.78), Sep 19, 2024
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Liquidity risk: | Volatility risk: |
Short term
UK 100 (CBOE) is in a rising trend channel in the short term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index is testing resistance at points 834. This could give a negative reaction, but an upward breakthrough of points 834 means a positive signal. The index is assessed as technically neutral for the short term. Recommendation one to six weeks:
Medium term
UK 100 (CBOE) shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 774. The objective at 821 is now met, but the formation still gives a signal in the same direction. The index has support at points 800 and resistance at points 844. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically positive for the medium long term. Recommendation one to six months:
Long term
UK 100 (CBOE) is in a rising trend channel in the long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 774. The objective at 821 is now met, but the formation still gives a signal in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 766 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically positive for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.50% | 0.00 | +0.94% |
5 days | 0.00 | 1.66% | 0.00 | +1.21% |
22 days | 0.00 | 4.13% | 0.00 | +0.93% |
66 days | 0.00 | 6.87% | 0.00 | +2.17% |
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