NIKKEI 225 (NKY) Up 1.58%; in an Uptrend Over Past 90 Days

The Hourly View for NKY

Last Updated April 5, 2021, 03:018 GMT

At the time of this writing, NIKKEI 225’s price is down -15 (-0.05%) from the hour prior. The hourly chart shows that NIKKEI 225 has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists 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 came into today up 1.58% (465.13) from the open of the day prior, marking the 2nd day in a row it has gone up. Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 3rd for the day in terms of price change relative to the day prior. Here 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 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that NIKKEI 225’s price has gone up 6 of the previous 10 trading days.