NIKKEI 225 (NKY) Heads Up For the 5th Consecutive Day

The Hourly View for NKY

Last Updated November 10, 2020, 01:05 GMT

Currently, NKY’s price is up $273.84 (1.1%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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

NIKKEI 225 is up 2.12% (514.61) since the day prior, marking the 5th consecutive day an increase has occurred. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 10th for the day in terms of price change relative to the day prior. Below is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 15 out of the past 30 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to NIKKEI 225 for the past day were:

  • From CapitalMoments:

    Biden BounceShares in Japan hit a near 30-year high on Monday, the first day of trading following news that Joe Biden had won the US presidential election.Japan’s main share index – the Nikkei 225 – closed up 2.1% at a level not seen since 1991.

  • From Newsquawk:

    Asian stock markets follow suit to the gains in US equity futures with risk appetite underpinned following President-elect Biden’s victory, while Nikkei 225 rose above 24,500 to extend on its best levels in nearly 3 decades; ASX 200 (+1.4%), Nikkei 225 (+1.0%), KOSPI (+1.0%)

  • From marketstodays:

    ASIA- Stocks in Asia-Pacific traded higher on Monday morning
    – The Nikkei 225 gained 1.11%
    – Softbank Group soared about 3%
    – The Topix index added 0.84%
    – The Kospi also rose 0.9%
    – Shares in Australia were higher, S&P/ASX 200 gaining 1.33%