NIKKEI 225 (NKY) Up 0.46%; is Inching Close to 50 and 100 Day Averages

The Hourly View for NKY

Last Updated June 3, 2021, 03:018 GMT

Currently, NIKKEI 225’s price is down -70.01 (-0.24%) from the hour prior. This is the 2nd straight hour NIKKEI 225 has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 back and forth price flow continues for NIKKEI 225, which started today off at 28946.14 US dollars, up 0.46% (131.8) from the previous day. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days NIKKEI 225’s price has gone up 9 them.