NIKKEI 225 (NKY) Up 0.66%; Breaks Above 20 and 50 Day Averages

The Hourly View for NKY

Last Updated June 28, 2021, 02:018 GMT

At the time of this writing, NIKKEI 225’s price is up 25.18 (0.09%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as NIKKEI 225 has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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

The choppiness in the recent daily price action of NIKKEI 225 continues; to start today, it came in at a price of 29066.18 US dollars, up 0.66% (190.95) since yesterday. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 3rd since yesterday in terms of percentage price change. The daily price chart of NIKKEI 225 below illustrates.

NKY

NIKKEI 225 Technical Analysis

First things first: NIKKEI 225 crossed above its 20 and 50 day moving averages yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 8 out of the past 14 days.