NIKKEI 225 (NKY) Up $60.09 in Last 4 Hours, Fares the Worst Out of 8 major Global Equity Indices; But Still in an Uptrend Over Past 90 Days

NIKKEI 225 4 Hour Price Update

Updated September 10, 2020 11:13 AM GMT (07:13 AM EST)

NIKKEI 225 closed the last 4 hour candle up 0.26% (60.09); this denotes the 3rd candle in a row it has gone up. Relative to other instruments in the 8 major global equity indices asset class, NIKKEI 225 ranked 2nd since the last 4 hour candle in terms of percentage price change.

NIKKEI 225 Daily Price Recap

The back and forth price flow continues for NIKKEI 225, which started today off at 23032.54 US dollars, down 1.04% (241.59) from the previous day. 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. Volatility for NIKKEI 225 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that NIKKEI 225’s price has gone down 16 of the previous 30 trading days.

Overheard on Twitter

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

  • From Newsquawk:

    Asian stocks suffer amid headwinds from Wall St where the tech rout intensified and Nasdaq slipped into correction territory, while hefty losses in the energy complex and AstraZeneca’s vaccine trial halt adds to the glum mood; ASX 200 (-1.3%), Nikkei 225 (-1.3%), KOSPI (-1.2%)

  • From narulalatesh:

    @health_Zwealth coz country like Japan ( nikkei 225 ) have not revisited the highs since 1989