NIKKEI 225 (NKY) Up 4.24%; Crosses 20 Day Moving Average

NIKKEI 225 Daily Price Recap

NIKKEI 225 came into today up 4.24% ($756.11) from the open of the previous day, marking the 2nd day in a row it has gone up. Relative to other instruments in the global equity indices asset class, NIKKEI 225 ranked 5th since the previous day in terms of percentage price change. Here is a daily price chart of NIKKEI 225.

NIKKEI 225 Technical Analysis

First things first: NIKKEI 225 crossed above 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 down. Or to view things another way, note that out of the past 10 days NIKKEI 225’s price has gone up 5 them. Candlestick traders will also want to note that we are seeing a bullish engulfing pattern amidst the downtrend on the 90 and 30 day charts; a bullish engulfing pattern amidst a downtrend may signal the downtrend is ready to culminate.

Overheard on Twitter

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

  • From RANsquawk:

    Asia equity markets begin mostly positive and US equity futures gain amid some signs of hope after the death toll in Italy slowed to the lowest since March 19th, while Spain and France also reported a reduced pace of deaths; ASX 200 (+1.3%), Nikkei 225 (-0.2%), KOSPI (+1.2%)

  • From Muggs00454738:

    @roysebag Psychologically speaking Buffet has been such an icon for 40 years that it just me time for a come down – especially if this goes on as long as I expect. What if this is for the US and S&P 500 what 1989 was for Japan and the Nikkei 225?

  • From Moon__Capital:

    @joevezz No and it’s the Nikkei 225.