NIKKEI 225 (NKY) Down 0.46%; in a Downtrend Over Past 14 Days

The Hourly View for NKY

Last Updated April 28, 2021, 03:018 GMT

At the time of this writing, NIKKEI 225’s price is down -15.14 (-0.05%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as NIKKEI 225 has now gone down 8 of the past 10 hours. 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

NIKKEI 225 Daily Price Recap

NIKKEI 225 entered today at 28991.89, down 0.46% ($134.34) from yesterday. Relative to other instruments in the equity indices asset class, NIKKEI 225 ranked 13th since yesterday in terms of percentage price change. 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 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that NIKKEI 225’s price has gone up 16 of the previous 30 trading days.