NIKKEI 225 (NKY) Fares the Worst Out of 8 major Global Equity Indices, Down 0.06%; Breaks Below 50 Day Average

NIKKEI 225 Daily Price Recap

NIKKEI 225 entered today at 19771.19 in US dollars, down 0.06% ($12.03) from yesterday. 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 today. The daily price chart of NIKKEI 225 below illustrates.

NIKKEI 225 Technical Analysis

Notably, NIKKEI 225 crossed below its 50 day moving average yesterday. 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. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 10 days NIKKEI 225’s price has gone down 7 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

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

  • From ta1625618:

    @PrestonPysh A lot of commentators on this thread think they can win at this game. The Nikkei 225 is still down 48% in nominal terms since their all-time high. Adjusted for the 233% compounded inflation in Yen over 3 decades and you are sitting on a 77.5% loss in purchasing power.

  • From OkuyamaTeddy:

    @Dan_Takahashi_ Great vid. China’s waiting to buy dips on Japan stocks. Any mvmt in interest rates will crater Nikkei 225. (1) Shrink the BoJ b/s -> taper tantrum OR (2) Continue to expand BoJ b/s -> regional banks collapse -> systemic crisis. China, is waiting to “own” Japan. #Japan #China #BoJ

  • From Schoolofstocks:

    Sensex, Nifty Poised To Extend GainsAsian markets were little changed as oil prices continued to slip following an overnight plunge. Nikkei 225 was down 0.36 per cent, while the Topix index shed 0.45 per cent and South Korea’s Kospi was…