The Hourly View for NKY
Last Updated February 16, 2021, 23:19 GMT
At the time of this writing, NIKKEI 225’s price is down -195.01 (-0.64%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as NIKKEI 225 has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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
30084.15 was the closing price of the day for NIKKEI 225, resulting in today being one in which price moved up 1.91% ($564.08) from the day prior. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 3rd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of NIKKEI 225.
NIKKEI 225 Technical Analysis
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 9 them.