NIKKEI 225 (NKY) Up 3.15%; in an Uptrend Over Past 14 Days

NIKKEI 225 Daily Price Recap

The back and forth price flow continues for NIKKEI 225, which started today off at 19897.26 US dollars, up 3.15% ($607.06) from yesterday. Relative to other instruments in the 8 major global equity indices asset class, NIKKEI 225 ranked 3rd since yesterday in terms of percentage price change. The daily price chart of NIKKEI 225 below illustrates.

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 down. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 14 day timeframe. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 10 days NIKKEI 225’s price has gone up 6 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about NIKKEI 225:

  • From tribunephl:

    #Tokyo stocks opened lower on Monday with investor focus now on the number of local virus cases. The benchmark #Nikkei 225 index was down 1.21% or 241.13 points at 19,656.13 in early trade, while the broader #Topix index was down 0.58% or 8.38 points at 1,434.16. @AFP

  • From KhalifaJones13:

    @digitalassetbuy Japanese stock markets rose significantly this week—the Nikkei 225 Stock Average rose by 17.1%. Chinese indices saw an uptick midweek, but plateaued by the end of the week. , the Shanghai Composite was up 4.2%, while the CSI 300 index gained 5.2%.

  • From NYDOUGH:

    SoftBank’s weighted average cost of debt is among the highest of all companies on Japan’s Nikkei 225 Stock Average.
    They have $150 billion stake in e-commerce giant $baba more than the market capitalization of SoftBank itself, which is $110 billion.
    SoftBank To Liquidate