NIKKEI 225 (NKY) Up 1.39%; Eyes 50 Day Average

The Hourly View for NKY

Last Updated November 4, 2020, 00:05 GMT

At the moment, NKY’s price is up $10 (0.04%) from the hour prior. This is the 2nd consecutive hour NKY has seen its price head up. 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’s 5 day negative streak has officially concluded, as the candle from the day prior closed up 1.39% (318.35). Out of the 14 instruments in the equity indices asset class, NIKKEI 225 ended up ranking 12th for the day in terms of price change relative to the day prior. 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 90 day horizon; over that time period, price has been moving up. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For additional context, note that price has gone down 7 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to NIKKEI 225:

  • From Newsquawk:

    Mixed start to equities ahead of a risk-packed week (US election, central bank meetings & NFPs), while participants also digest new lockdowns and stronger than expected Chinese PMI data; ASX 200 (+0.1%), Nikkei 225 (+0.9%), KOSPI (+0.5%), Emini S&P (-0.2%), Dow futures (-0.3%)

  • From AvaSchiffer:

    @Convertbond @SarahPonczek better to watch the Nikkei 225 and DAX vs SP500. so far I don’t see a trend of Value above Growth.

  • From MiraeAssetID:

    [INDEX UPDATE]
    Nikkei 225 (Off) Culture Day | KOSPI (+1.88%) 2,343.31 – CLOSE | S&P ASX/200 (+1.93%) 6,066.40 – CLOSE