NIKKEI 225 (NKY) Tops All equity indices, Up 2.5%; in an Uptrend Over Past 14 Days

The Hourly View for NKY

Last Updated November 25, 2020, 01:05 GMT

Currently, NKY’s price is up $509.85 (1.95%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend 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

The end of a 3 day negative run has come for NIKKEI 225, which finished the day prior up 2.5% (638.22). On a relative basis, today was pretty good: NIKKEI 225 bested all 14 of the assets in the equity indices class 🙂 Below is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. 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 AussieP_Bateman:

    Based on pure fundamentals the following markets should be trading at these levels…
    Russell 2000 – 2,700 points
    Nikkei 225 – 44,000 points
    EU Stoxx 50 – 6,000 points
    Nasdaq 100- 6,000 points I have no idea what’s going to happen to the DOW and S&P500 coz of the weighting…

  • From Newsquawk:

    Asia takes impetus from Wall St handover amid several bullish factors including vaccine hopes, strong data & reports Biden is to pick former Fed Chair Yellen as Treasury Secretary, while GSA also announced to begin transition; ASX 200 (+1.2%), Nikkei 225 (+1.9%), KOSPI (+0.5%)

  • From BirdsofParadiz8:

    @AlessioUrban Nikkei 225 is in confirmed bull market,no bear attack will be successful for anything abv 24800.
    Have been saying that Japan is undervalued past few years.
    Many really nice stuff are much cheaper than the tiny dot here in Singapore.