NIKKEI 225 (NKY) Down $60.06 On 4 Hour Chart, Underperforms All 8 major Global Equity Indices; Came Into Today Down For the 4th Day In A Row

NIKKEI 225 4 Hour Price Update

Updated July 30, 2020 03:13 AM GMT (11:13 PM EST)

NIKKEI 225 is down 0.27% (60.06) since the previous 4 hours, marking the 4th candle in a row a decline has happened. Relative to other instruments in the 8 major global equity indices asset class, NIKKEI 225 ranked 7th since the previous 4 hours in terms of percentage price change.

NIKKEI 225 Daily Price Recap

NIKKEI 225 is down 1.08% (245.1) since yesterday, marking the 4th day in a row a decline has happened. On a relative basis, NIKKEI 225 was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class today. Below is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

Moving average crossovers are always interesting, so let’s start there: NIKKEI 225 crossed below its 20 day moving average yesterday. 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 additional context, note that price has gone down 9 out of the past 14 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to NIKKEI 225 for the past day were:

  • From innocent_agent:

    Nikkei 225 has been giving out 10% annualized return the past 10 years in yen, but only 7.2% nominalized in USD due to Bank of Japan devaluing the currency. (Compared to 12.6% from S&P 500) If you don’t plan to convert currency, 10% return sounds pretty good to me.

  • From RANsquawk:

    Asia opens with firm gains and takes impetus from Wall Street’s comeback after the pace of infections slowed in key US states and Fed announced its Secondary Market Corporate Credit Facility will begin purchasing corporate bonds; ASX 200 (+2.9%), Nikkei 225 (+2.7%), KOSPI (+2.6%)

  • From notayesmansecon:

    Those of you who follow my tweets about the Bank of Japan aka The Tokyo Whale which owns ~5% of the stock market will know that the nearly 5% rise in the Nikkei 225 today will be treated like this πŸΎπŸŽ‰πŸ₯³#Abenomics