NIKKEI 225 (NKY) Up 0.21%; in a Downtrend Over Past 14 Days

The Hourly View for NKY

Last Updated April 29, 2021, 03:018 GMT

At the time of this writing, NIKKEI 225’s price is down -25.01 (-0.09%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

NIKKEI 225 Daily Price Recap

The back and forth price flow continues for NIKKEI 225, which started today off at 29053.97 US dollars, up 0.21% (62.08) from the previous day. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 8th since the previous day in terms of percentage price change. Here is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that NIKKEI 225’s price has gone up 17 of the previous 30 trading days.