The Hourly View for NKY
Last Updated April 26, 2021, 02:018 GMT
Currently, NIKKEI 225’s price is up 160.02 (0.55%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Of note is that the 20 hour changed directions on NKY; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
NIKKEI 225 Daily Price Recap
The choppiness in the recent daily price action of NIKKEI 225 continues; to start today, it came in at a price of 29020.63 US dollars, down 0.57% (167.54) since the day prior. Those trading within the equity indices asset class should know that NIKKEI 225 was the worst performer in the class today. Here is a daily price chart of NIKKEI 225.
NIKKEI 225 Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that NIKKEI 225’s price has gone up 17 of the previous 30 trading days.