NIKKEI 225 (NKY) Down 1.74%; in an Uptrend Over Past 14 Days

NIKKEI 225 Daily Price Recap

NIKKEI 225 closed the day prior down 1.74% ($352.27); this denotes the 3rd day in a row a decline has happened. Out of the 8 instruments in the 8 major global equity indices asset class, NIKKEI 225 ended up ranking 5th for the day in terms of price change relative to the day prior. The daily price chart of NIKKEI 225 below illustrates.

NIKKEI 225 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that NIKKEI 225’s price has gone down 17 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about NIKKEI 225:

  • From RANsquawk:

    Asia stocks track Wall St’s losses with global risk appetite dampened by ongoing US-China tensions, as well as comments from Fed Chair Powell which provided a grim picture on the economy and pushed back on negative rates; ASX 00 (-0.7%), Nikkei 225 (-0.7%), KOSPI (-1.1%)

  • From RANsquawk:

    Asia equity markets begin lower with risk appetite subdued amid fears of a 2nd wave of the coronavirus and following reports US senators introduced legislation to sanction China for failure to cooperate on coronavirus; ASX 200 (-1.6%), Nikkei 225 (-1.3%), KOSPI (-0.8%)

  • From DexterRothschi1:

    FTSE Eurotop 100 index of Europe’s largest publicly traded companies ended trading down 1.8%. The Nikkei 225 of Japan’s largest companies closed its day in Tokyo down less than a percent as poor performances