NIKKEI 225 (NKY) Up $25.03 On 4 Hour Chart, Entered Today Up 0.79%; in a Downtrend Over Past 90 Days

NIKKEI 225 4 Hour Price Update

Updated May 21, 2020 07:13 PM GMT (03:13 PM EST)

NIKKEI 225 entered the current 4 hour candle at 20557.4609 in US dollars, up 0.12% ($25.03) from the previous 4 hours. Out of the 8 instruments in the 8 major global equity indices asset class, NIKKEI 225 ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

NIKKEI 225 Daily Price Recap

NIKKEI 225 is up 0.79% ($161.7) since the previous day, marking the 4th day in a row an increase has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, NIKKEI 225 ended up ranking 6th for the day in terms of price change relative to the previous day. The daily price chart of NIKKEI 225 below illustrates.

NIKKEI 225 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. For another vantage point, consider that NIKKEI 225’s price has gone up 7 of the previous 10 trading days.

Overheard on Twitter

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

  • From RANsquawk:

    Asia begins with mild gains following the rebound on Wall St, with sentiment underpinned on hopes of a pick up in economic activity as all US states have at least partially reopened, while rising oil prices also underpins risk; ASX 200 (+0.5%), Nikkei 225 (+0.5%), KOSPI (+0.6%)

  • From RANsquawk:

    Asia stocks open positive as region takes impetus from the global rally, spurred by several factors including reopening of economies, treatment hopes & stimulus efforts after Germany & France proposed a EUR 500bln recovery fund; ASX 200 (+1.9%), Nikkei 225 (+2.3%), KOSPI (+2.0%)

  • From KishavanBhola:

    If you bought the Nikkei 225 on January 4th, 1991 and held until today, almost 30 years later, you’d be down 14%. This real-time example is conveniently ignored by the index-only Bogleheads whose investment philosophy is more religious than rational.