• LSE rivals grab big share of LSE own stock trading Sep 4th, 2008, 13:51 - XFN (Length: 1733)
• FTSE up; gains in Unilever, BP offset rate nerves Sep 4th, 2008, 04:36 - XFN (Length: 4407)
• Daily Mail, London, market report column Sep 2nd, 2008, 13:36 - KRT (Length: 5281)
• CORRECTED-Ex-divs to take 4.3 points off FTSE 100 on Sept 3 Sep 2nd, 2008, 00:55 - XFN (Length: 1693)
• Ex-divs to take 4.3 points off FTSE 100 on Sept 3 Sep 1st, 2008, 06:10 - XFN (Length: 1705)
• Sterling and shares dive on new banking worries Aug 26th, 2008, 18:00 - KRT (Length: 2166)
• Daily Mail, London, Lucy Farndon column Aug 26th, 2008, 17:55 - KRT (Length: 5158)
• STOCKS NEWS EUROPE-CIS-linked stocks take a tumble Aug 26th, 2008, 11:21 - XFN (Length: 1700)
• Simon raises Liberty Intl stake to 4.2 pct Aug 26th, 2008, 05:01 - XFN (Length: 2406)
• STOCKS NEWS EUROPE-LSE falls on rising competition fears Aug 26th, 2008, 04:32 - XFN (Length: 1296)

[ More London Ft-se News ]

Analysis

Fri 8/29/08

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: Market trend is DOWN.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average.

Conventional Interpretation - Long Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Long Term: Even though based on conventional interpretation the market is technically bearish, we will not classify it as extremely bearish until the following occurs: the fast moving average slope is down from previous bar, price goes below the fast moving average.

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band.

Additional Analysis: The market appears overbought, but may continue to become more overbought before reversing. Look for some price weakness before taking any bearish positions based on this indicator.

Volatility Indicator: Volatility is in a downtrend based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (-53.00) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Momentum is indicating an oversold market. However the market may continue to become more oversold. Look for evidenced strength before interpreting any bullishness here.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (-0.93) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is indicating an oversold market. However the market may continue to become more oversold. Look for evidenced strength before interpreting any bullishness here.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-39.63) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation,CCI (-39.63) is bearish, but has begun showing some strength. Begin looking for an attractive point to cover short positions and return to the sidelines.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 47.04). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat oversold (RSI is at 47.04). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence here before getting too bullish here.

MACD Indicator:

Conventional Interpretation: MACD has issued a bullish signal. A bullish signal is generated when the FastMA crosses above the SlowMA, as it has here.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. MACD has issued a bullish signal, suggesting that the short term upward trend may continue, and may indicate a pending reversal in the long term trend.

Open Interest Indicator: Open Interest is in a downtrend based on a 9 bar moving average. While this is normal following delivery of nearer term contracts, be cautious. Decreasing open interest indicates lower liquidity.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is UP. Volume is trending higher, allowing for a pick up in volatility.

Stochastic - Fast Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is DOWN. The short term trend is up. The short term trend looks a little bottomy. A possible short term up move may occur.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is DOWN. The short term trend looks a little bottomy. A possible short term up move may occur.

Swing Index Indicator:

Conventional Interpretation: The swing index is most often used to identify bars where the market is likely to change direction. A signal is generated when the swing index crosses zero. No signal has been generated here.

Additional Analysis: No additional interpretation.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Note: The above analysis is computer generated from mathematical formulae, and is provided for educational purposes only. Neither the above, nor any information on this site is intended as a trade recommendation.