FTSEJSE All (South Africa) Technical Analysis

JA00 Index   65.83  0.80  1.20%   

FTSEJSE All Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as FTSEJSE, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FTSEJSE
FTSEJSE All's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
FTSEJSE All technical index analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, index market cycles, or different charting patterns.
A focus of FTSEJSE All technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of FTSEJSE All trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

FTSEJSE All Africa Trend Analysis

Use this graph to draw trend lines for FTSEJSE All Africa. You can use it to identify possible trend reversals for FTSEJSE All as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual FTSEJSE All price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

FTSEJSE All Best Fit Change Line

The following chart estimates an ordinary least squares regression model for FTSEJSE All Africa applied against its price change over selected period. The best fit line has a slop of   0.06  , which may suggest that FTSEJSE All Africa market price will keep on failing further. It has 122 observation points and a regression sum of squares at 120.52, which is the sum of squared deviations for the predicted FTSEJSE All price change compared to its average price change.