NIKKEI 225 (NKY) Underperforms All equity indices; Down 0.83%

The Hourly View for NKY

Last Updated May 6, 2021, 02:018 GMT

Currently, NIKKEI 225’s price is up 95 (0.32%) from the hour prior. This is the 2nd straight hour NIKKEI 225 has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning above it. 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

The choppiness in the recent daily price action of NIKKEI 225 continues; to start today, it came in at a price of 28812.63 US dollars, down 0.83% (241.34) since the previous day. On a relative basis, NIKKEI 225 was the worst performer out of all 14 of the assets in the equity indices asset class today. Let’s take a look at the 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. Or to view things another way, note that out of the past 10 days NIKKEI 225’s price has gone up 5 them.