NIKKEI 225 (NKY) Moves Up For the 3rd Straight Day; in an Uptrend Over Past 90 Days

The Hourly View for NKY

Last Updated January 13, 2021, 02:019 GMT

At the time of this writing, NIKKEI 225’s price is up 115.19 (0.41%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 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 closed the previous day up 0.09% (25.31); this denotes the 3rd straight day an upward move has occurred. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 6th for the day in terms of price change relative to the previous day. Here 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. Or to view things another way, note that out of the past 10 days NIKKEI 225’s price has gone up 5 them.