NIKKEI 225 (NKY) Down 0.06%, Crosses 50 Day Moving Average; in a Downtrend Over Past 90 Days

NIKKEI 225 Daily Price Recap

19771.19 was the closing price of the day for NIKKEI 225, resulting in today being one in which price moved down 0.06% ($12.03) from the day prior. Relative to other instruments in the 8 major global equity indices asset class, NIKKEI 225 ranked 6th since the day prior in terms of percentage price change. Below is a daily price chart of NIKKEI 225.

NIKKEI 225 Technical Analysis

Notably, NIKKEI 225 crossed below its 50 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 down. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. Or to view things another way, note that out of the past 14 days NIKKEI 225’s price has gone down 9 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about NIKKEI 225:

  • From RANsquawk:

    Asia equity markets begin mostly higher after Friday’s gains on Wall St and amid reopening efforts, with Japan outperforming amid speculation unlimited bond purchases could be on the cards at today’s BoJ meeting; ASX 200 (+0.1%), Nikkei 225 (+1.2%), KOSPI (+0.4%)

  • From RANsquawk:

    Asia equity markets begin mixed as a deluge of earnings offsets momentum from US where the majors gained on reopening efforts and BoJ measures; ASX 200 (-0.1%), Nikkei 225 (-0.3%), KOSPI (+0.4%)

  • From spectatorindex:

    FINANCE: Japan’s Nikkei 225 up by 2.4%, as major Asian stock-markets rebound.