NIKKEI 225 (NKY) Up 0.74%, Crosses 20 Day Moving Average; in an Uptrend Over Past 90 Days

The Hourly View for NKY

Last Updated December 29, 2020, 02:018 GMT

Currently, NIKKEI 225’s price is up 55 (0.2%) from the hour prior. NIKKEI 225 has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

NIKKEI 225 Daily Price Recap

NIKKEI 225 entered today at 26854.03, up 0.74% ($197.42) from the day prior. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 7th since the day prior in terms of percentage price change. Here is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

First things first: NIKKEI 225 crossed above its 20 day moving average yesterday. Volatility for NIKKEI 225 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days NIKKEI 225’s price has gone up 7 them.