NIKKEI 225 (NKY) 2 Day Up Streak Snapped; in an Uptrend Over Past 14 Days

The Hourly View for NKY

Last Updated February 19, 2021, 00:019 GMT

At the time of this writing, NIKKEI 225’s price is down -5 (-0.02%) 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. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

NIKKEI 225 Daily Price Recap

The back and forth price flow continues for NIKKEI 225, which started today off at 30292.19 US dollars, down 0.58% (175.56) from the previous day. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 10th since the previous day in terms of percentage price change. Here 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 30 days NIKKEI 225’s price has gone up 18 them.