The Hourly View for NKY
Last Updated October 30, 2020, 00:05 GMT
Currently, NKY’s price is down $-35.01 (-0.15%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as NKY has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 100 hour changed directions on NKY; it is now pointing down. 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
NIKKEI 225 is down 0.37% (86.57) since the day prior, marking the 4th consecutive day it has gone down. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 10th for the day in terms of price change relative to the day prior. Here is a daily price chart of NIKKEI 225.
NIKKEI 225 Technical Analysis
Moving average crossovers are always interesting, so let’s start there: NIKKEI 225 crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that NIKKEI 225’s price has gone down 7 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about NIKKEI 225:
- From Newsquawk:
Asia begins with firm losses after the sell-off on Wall St, where all major indices declined by more than 3% and the DJIA dropped over 900 points on lockdown concerns in Europe with slide exacerbated ahead of US election; ASX 200 (-1.7%), Nikkei 225 (-0.9%), KOSPI (-1.2%)
- From marketst0day:
ASIA – South Korea leads losses, Kospi fell 1.78%
– Chipmaker SK Hynix fell about 2%
– Australia’s S&P/ASX 200 dropped 1.24%
– The Nikkei 225 declined 0.8%
– The Topix index shed 0.47%
– Sony surged more than 6% after raising its annual profit outlook
- From notayesmansecon:
The Nikkei 225 in Japan mostly ignored equity market falls elsewhere as it dipped a mere 86 points to 23,331