NIKKEI 225 (NKY) Down 1.53%, in an Uptrend Over Past 30 Days; Eyes 20 Day Average
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
NIKKEI 225
(Last Updated February 24, 2021)
Welcome to the news page for NIKKEI 225 (NKY). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On NKY, there is currently an uptrend on the 90, 30 and 14 day timeframes.
NKY Moving Averages
NKY’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
The View From the Weekly Timeframe
At the moment, NKY’s price is up 138.11 (0.46%) 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. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 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) Tops All equity indices, in an Uptrend Over Past 90 Days; Doji and Pin Bar Patterns Appearing on Chart
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NIKKEI 225 (NKY) Down 0.96%; in an Uptrend Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
NIKKEI 225 (NKY) Up 0.67%; in an Uptrend Over Past 90 Days
This is the 2nd hour in a row nikkei 225 has seen its price head down.
NIKKEI 225 (NKY) Down 0.44%, in an Uptrend Over Past 14 Days; Doji Pattern Appearing on Chart
Out of the 14 instruments in the equity indices asset class, nikkei 225 ended up ranking 8th for the day in terms of price change relative to the previous day.
NIKKEI 225 (NKY) Up 0.82%; in an Uptrend Over Past 90 Days
Relative to other instruments in the equity indices asset class, nikkei 225 ranked 2nd since the day prior in terms of percentage price change.
NIKKEI 225 (NKY) Moves Down For the 2nd Straight Day, in an Uptrend Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
NIKKEI 225 (NKY) Down 0.62%, in an Uptrend Over Past 14 Days; Bearish Engulfing Pattern Present
Out of the 14 instruments in the equity indices asset class, nikkei 225 ended up ranking 5th for the day in terms of price change relative to yesterday.
NIKKEI 225 (NKY) Up 0.85%
This is a reversal of the price action on the previous hour, in which price moved down.
NIKKEI 225 (NKY) Outperforms All equity indices, Up 1.04%; in an Uptrend Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.