NIKKEI 225 (NKY) Tops All equity indices, Up 0.68%; in an Uptrend Over Past 14 Days

The Hourly View for NKY

Last Updated November 13, 2020, 01:05 GMT

Currently, NKY’s price is down $-200.2 (-0.78%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 0.68% (171.28) since the previous day, marking the 8th day in a row it has gone up. NIKKEI 225 outperformed all 14 assets in the equity indices asset class since the previous day. Congrats to its holders! Let’s take a look at the daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 16 out of the past 30 days.

Overheard on Twitter

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

  • From Newsquawk:

    Asian equity markets are mixed as the region takes its cue from the choppy price action in US where a pause of the recent growth-to-value rotation helped a rebound in tech but also resulted in underperformance of cyclical stocks; ASX 200 (+0.1%), Nikkei 225 (+0.7%), KOSPI (-0.3%)

  • From wheeliedealer:

    NIKKEI 225 decent up Candle but looks precarious. RSI 77 is extremely overbought. Doesn’t mean a big drop but suggests some sort of Pullback and calming down is required.

  • From GregAtkinson_jp:

    Japan’s Nikkei 225 stock market index now at 25,520 & up 171.28 today. Now let’s crack 26,000 & put those bubble-era demons behind us!