NIKKEI 225 (NKY) Moves Down For the 3rd Day In A Row, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 6 out of the past 10 days.
NIKKEI 225
(Last Updated January 18, 2021)
Hello! This is the news page for NIKKEI 225. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for NKY.
NKY Moving Averages
The moving averages on NKY indicate a trend that is clearly bullish.
The chart below illustrates.
The View From the Weekly Timeframe
At the time of this writing, NKY’s price is up 380.15 (1.35%) from the week prior. NKY has seen its price go up 8 out of the past 10 weeks, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 5 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows NKY’s price action over the past year.
NIKKEI 225 (NKY) Down 0.68%; in an Uptrend Over Past 90 Days
Out of the 14 instruments in the equity indices asset class, nikkei 225 ended up ranking 10th for the day in terms of price change relative to the day prior.
NIKKEI 225 (NKY) 2 Day Up Streak Ended; in an Uptrend Over Past 90 Days
Relative to other instruments in the equity indices asset class, nikkei 225 ranked 9th since the previous day in terms of percentage price change.
NIKKEI 225 (NKY) Down 0.45%; in an Uptrend Over Past 90 Days
Given that we see an uptrend on the 20 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NIKKEI 225 (NKY) Down 0.45%; in an Uptrend Over Past 90 Days
Price action traders may also wish to note that we see a pin bar candlestick pattern on nikkei 225.
NIKKEI 225 (NKY) Tops All equity indices, Makes Big Move Relative to Two Week Trend; Up 2.66%
Nikkei 225 outperformed all 14 assets in the equity indices asset class since yesterday.
NIKKEI 225 (NKY) Up 0.74%, Crosses 20 Day Moving Average; in an Uptrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
NIKKEI 225 (NKY) 2 Day Up Streak Snapped, in an Uptrend Over Past 90 Days; Doji Pattern Appearing on Chart
Relative to other instruments in the equity indices asset class, nikkei 225 ranked 12th since yesterday in terms of percentage price change.
NIKKEI 225 (NKY) Up 0.54%, in an Uptrend Over Past 30 Days; is Inching Close to 20 Day Average
Relative to other instruments in the equity indices asset class, nikkei 225 ranked 3rd since the day prior in terms of percentage price change.
NIKKEI 225 (NKY) 3 Day Down Streak Broken; in an Uptrend Over Past 30 Days
Price action traders may also wish to note that we see a pin bar candlestick pattern on nikkei 225.