NIKKEI 225 4 Hour Price Update
Updated July 01, 2020 11:13 PM GMT (07:13 PM EST)
NIKKEI 225 came into the current 4 hour candle down 0.54% (120.11) from the open of the last 4 hour candle, marking the 3rd candle in a row it has gone down. On a relative basis, NIKKEI 225 was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class the current 4 hour candle.
NIKKEI 225 Daily Price Recap
NIKKEI 225 entered today at 22284.91992, up 1.27% ($278.47) from the day prior. Relative to other instruments in the 8 major global equity indices asset class, NIKKEI 225 ranked 2nd since the day prior in terms of percentage price change. The daily price chart of NIKKEI 225 below illustrates.
NIKKEI 225 Technical Analysis
Volatility for NIKKEI 225 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days NIKKEI 225’s price has gone up 17 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to NIKKEI 225 for the past day were:
- From Tessawilliaams:
🟢ASX 200 Perched at Support as Iron Ore Price Pulls Back🟢Dow Jones to Lead Asia’s Rebound, Nikkei 225 Eyes Resistance🟢Australian Dollar, S&P 500 Gain on Upbeat China PMI. Resistance Next?🟢USD/CAD Reversal from March Low in Focus as RSI Breaks Bearish Trend
- From MotilalOswalLtd:
Shares fell Monday in Asia 1-2%, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic re-openings. Tokyo’s Nikkei 225 index lost 2.3%. Shares also fell in Hong Kong, Sydney, Shanghai, and South Korea #MOMarketUpdates
- From RANsquawk:
Asia equity markets begin H2 with a mildly positive tone owing to the momentum from Wall St, where stocks topped of their best quarterly performance in more than 2 decades; ASX 200 (+0.1%), Nikkei 225 (+0.2%), KOSPI (+0.8%)