FTSE 250 Technical Analysis: Moving Averages All Buy, Two Gauges Overbought

The technical summary for the UK mid-cap index reads Strong Buy, with all 12 moving-average signals at Buy. The signals describe where the indicators stand, not where the index goes next.

The FTSE 250 stood at 24,478.19 in a delayed quote on Friday morning, up 53.42 points, or 0.22%. The level sits within a 52-week range of 20,626.98 to 25,134.76.

Both the simple and exponential averages, from the five-period to the 200-period, are at Buy. The 200-period simple average is 24,296.78, below the index level, and the moving-average count is 12 Buy and no Sell.

The technical indicators are less uniform. Their summary is also Strong Buy, made up of 7 Buy, 1 Neutral and 1 Sell.

STOCH(9,6) and Williams %R are labelled Overbought. ROC, a rate-of-change measure, is the one Sell. ATR(14), a volatility gauge, reads 61.9784 and is labelled Less Volatility.

The classic pivot levels, whose timeframe is not specified, are a pivot of 24,446.34, R2 of 24,470.63 and R3 of 24,481.39.