UK 100 (CBOE) (BUK100P.NDX)
Close: 820.06 (+6.44), Jul 4, 2024
|
Liquidity risk: | Volatility risk: |
Short term
Investors have accepted lower prices over time to get out of UK 100 (CBOE) and the index is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for UK 100 (CBOE). The index is moving within a rectangle formation between support at 807 and resistance at 826. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 810 and resistance at points 826. The index is overall assessed as technically slightly negative for the short term. Recommendation one to six weeks:
Medium term
UK 100 (CBOE) has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has met the objective at 821 after a break of the rectangle formation. The price has now fallen, but the formation indicates further rise. 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 808 points. The index is overall assessed as technically positive for the medium long term. Recommendation one to six months:
Long term
UK 100 (CBOE) shows strong development within a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. The index has met the objective at 821 after a break of the rectangle formation. The price has now fallen, but the formation indicates further rise. 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. 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 | +0.79% |
5 days | 0.00 | 1.70% | 0.00 | +0.70% |
22 days | 0.00 | 4.45% | 0.00 | -0.08% |
66 days | 0.00 | 7.43% | 0.00 | +3.41% |
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.