NIKKEI 225 (NKY) Price Near 23349; Eyes 20 Day Average, Doji Pattern Appearing on Chart

The Hourly View for NKY

Last Updated September 21, 2020, 12:57 GMT

At the time of this writing, NKY’s price is up 5.01 (0.02%) from the hour prior. The hourly chart shows that NKY has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on NKY. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

NIKKEI 225 Daily Price Recap

23360.3 was the closing price of the day for NIKKEI 225, resulting in today being one in which price moved up 0.18% ($40.93) from the previous day. 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 previous day. Here is a daily price chart of NIKKEI 225.

NKY

NIKKEI 225 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days. Also, candlestick traders! Note we see doji pattern appearing here as well.

Overheard on Twitter

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

  • From CoachRNC:

    The Suga rush. The Nikkei 225 index dropped yesterday after a three day gain streak. Following the recent resignation of Shinzo Abe, prime minister of Japan, all eyes have turned to his likely successor, Yoshihide Suga.

  • From MiraeAssetID:

    [INDEX UPDATE] Nikkei 225 (Off) Respect for the aged Day | KOSPI (-0.95%) 2,389.39 – CLOSE | S&P ASX/200 (-0.71%) 5,822.60 – CLOSE

  • From yamyam33011273:

    Nikkei 225 has backed as before the pandemic, but the real economy has not backed. BoJ policy might influence.