| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has declined by 8.61% since last week's trading sessions. The index tested the lower boundary of an ascending channel pattern at 6245.28 on November 30.
Currently, the stocks are trading near the lower line of the channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 200– period simple moving average at 6066.08 could be expected within this week's trading sessions.
However, if the channel pattern holds, bullish traders could continue to dominate the UK100 during the following trading sessions.