NIKKEI 225 (NKY) Underperforms All equity indices, Down 0.07%; But Still in an Uptrend Over Past 90 Days

The Hourly View for NKY

Last Updated April 9, 2021, 03:018 GMT

At the moment, NIKKEI 225’s price is down -50.01 (-0.17%) from the hour prior. The hourly chart shows that NIKKEI 225 has seen 2 straight down hours. 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

The choppiness in the recent daily price action of NIKKEI 225 continues; to start today, it came in at a price of 29708.98 US dollars, down 0.07% (21.81) 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. Let’s take a look at the daily price chart of NIKKEI 225.

NKY

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 14 days NIKKEI 225’s price has gone up 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.