NIKKEI 225 (NKY) Moves Up For the 4th Day In A Row

The Hourly View for NKY

Last Updated November 9, 2020, 19:38 GMT

Currently, NKY’s price is down $-40.03 (-0.16%) from the hour prior. This is the 2nd straight hour NKY has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 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 came into today up 0.91% (219.95) from the open of the day prior, marking the 4th day in a row it has gone up. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 2nd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of NIKKEI 225.


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 up. Or to view things another way, note that out of the past 10 days NIKKEI 225’s price has gone up 5 them.

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%