UK 100 (CBOE) (BUK100P.NDX)
Close: 831.38 (+11.57), Nov 22, 2024
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Liquidity risk: | Volatility risk: |
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 index is approacing resistance at 834 points, which may give a negative reaction. However, a break upwards through 834 points will be a positive signal. The index is assessed as technically slightly negative 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. 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 807 and resistance at 839. A decisive break through one of these levels indicates the new direction for the index. The index is between support at points 824 and resistance at points 842. A definitive break through of one of these levels predicts the new direction. 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. 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 807 and resistance at 839. A decisive break through one of these levels indicates the new direction for the index. 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. 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 | +1.41% |
5 days | 0.00 | 1.63% | 0.00 | +2.52% |
22 days | 0.00 | 3.93% | 0.00 | +0.54% |
66 days | 0.00 | 6.41% | 0.00 | +0.45% |
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