NIKKEI 225 (NKY) Down 1.97%; in a Downtrend Over Past 90 Days

NIKKEI 225 Daily Price Recap

NIKKEI 225 is down 1.97% ($388.34) since yesterday, marking the 2nd day in a row a decline has happened. NIKKEI 225 outperformed all 8 assets in the 8 major global equity indices asset class since yesterday. Here is a daily price chart of NIKKEI 225.

NIKKEI 225 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed up. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. For another vantage point, consider that NIKKEI 225’s price has gone down 17 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to NIKKEI 225:

  • From tribunephl:

    #Tokyo stocks opened lower on Monday with investor focus now on the number of local virus cases. The benchmark #Nikkei 225 index was down 1.21% or 241.13 points at 19,656.13 in early trade, while the broader #Topix index was down 0.58% or 8.38 points at 1,434.16. @AFP

  • From RANsquawk:

    Asia equity markets begin subdued following the weak lead from Wall St where sentiment was dampened by chaos in oil futures as WTI May contract turned negative for the first time in history ahead of Tuesday’s contract expiry; ASX 200 (-0.4%), Nikkei 225 (-1.1%), KOSPI (-0.8%)

  • From tribunephl:

    Tokyo stocks opened lower on Tuesday, tracking falls on Wall Street as investor sentiment worsened on plunging oil prices. Benchmark Nikkei 225 index was down 0.96% or 188.84 points at 19,480.28 in early trade, while the broader Topix Index fell 0.94% or 13.46 points to 1,418.95.