UK 100 (CBOE) (BUK100P.NDX)

Close: 819.81 (+7.05), Nov 21, 2024
Hold

Liquidity risk: Volatility risk:

Overall analysis

UK 100 (CBOE) is technically negative for the short and medium term, but positive for the long term.

Recommendation one to six months: Hold

Short term

UK 100 (CBOE) has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The price has reacted back after a break of the rectangle formation. There is resistance around 822, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. The index is testing resistance at points 820. This could give a negative reaction, but an upward breakthrough of points 820 means a positive signal. The index is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative

Medium term

UK 100 (CBOE) shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is moving within a rectangle formation between support at 806 and resistance at 839. A decisive break through one of these levels indicates the new direction for the index. The price has reacted back after a break of the rectangle formation. There is resistance around 822, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. The index is testing resistance at points 824. This could give a negative reaction, but an upward breakthrough of points 824 means a positive signal. The index is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative

Long term

UK 100 (CBOE) is in 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 760 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: Positive



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.49%0.00+0.87%
5 days0.001.63%0.00+0.99%
22 days0.003.93%0.00-1.45%
66 days0.006.42%0.00-0.95%
 


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.


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.

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