NIKKEI 225 (NKY) Up 0.54%, in an Uptrend Over Past 30 Days; is Inching Close to 20 Day Average

The Hourly View for NKY

Last Updated December 25, 2020, 03:019 GMT

At the time of this writing, NIKKEI 225’s price is down -0.13 (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 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

NIKKEI 225 is up 0.54% (143.56) since the day prior, marking the 2nd consecutive day it has gone up. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 3rd since the day prior in terms of percentage price change. Here is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

Volatility for NIKKEI 225 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 8 out of the past 14 days.