NIKKEI 225 (NKY) Down 0.06%; Eyes 20 and 100 Day Averages

The Hourly View for NKY

Last Updated June 29, 2021, 01:013 GMT

At the moment, NKY’s price is down -213.35 (-0.73%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20 and 50 hour moving averages have been crossed, so that price is now turning below them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

NIKKEI 225 Daily Price Recap

29048.02 was the closing price of the day for NIKKEI 225, resulting in today being one in which price moved down 0.06% ($18.16) from the day prior. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 4th for the day in terms of price change relative to the day prior. Below is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that NIKKEI 225’s price has gone down 8 of the previous 14 trading days.