NIKKEI 225 (NKY) Moves Down For the 3rd Consecutive Day; in an Uptrend Over Past 14 Days

The Hourly View for NKY

Last Updated November 23, 2020, 19:18 GMT

At the moment, NKY’s price is down -10 (-0.04%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on NKY. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 came into today down 0.42% (106.97) from the open of the day prior, marking the 3rd consecutive day a decline has happened. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 11th since the day prior in terms of percentage price change. The daily price chart of NIKKEI 225 below illustrates.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days NIKKEI 225’s price has gone up 15 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to NIKKEI 225 for the past day were:

  • From KelvinSCWong:

    Good morning Asia! Start of a bran new week. No major movement so far on major stock indices futures; positive so far modestly
    SP 500 $ES_F +0.2% (3561)
    Nasdaq 100 $NQ_F +0.3%(11943)
    Nikkei 225 $NKD_F +0.5% (25803)

  • From MiraeAssetID:

    [INDEX UPDATE]
    Nikkei 225 (Off) Labor Thanksgiving Day | KOSPI (+0.41%) 2,563.92 – OPEN | S&P ASX/200 (+0.84%) 6,594.00 – OPEN

  • From JStoxrox:

    $ES_F
    Watch VIX, Nikkei 225, tech
    Markets are getting extended but we know they’ve blown that off before
    Stay well