NIKKEI 225 (NKY) Down 0.83%; in a Downtrend Over Past 14 Days

The Hourly View for NKY

Last Updated May 4, 2021, 04:018 GMT

Currently, NIKKEI 225’s price is down -9.96 (-0.03%) from the hour prior. NIKKEI 225 has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on NIKKEI 225. Given that we see downtrend on the 20 and 10 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 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

28812.63 was the closing price of the day for NIKKEI 225, resulting in today being one in which price moved down 0.83% ($241.34) from the day prior. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 13th for the day in terms of price change relative to the day prior. 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 additional context, note that price has gone up 7 out of the past 14 days.