NIKKEI225 $ FULL0625 - Daily - Technical analysis published on 05/15/2024 (GMT)
- 123
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
50%
0%
50%
My opinion
Neutral between 37,135 USD and 38,908 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on NIKKEI225 $ FULL0624. It is difficult to advise a trading direction under these conditions. The first resistance is located at 38,908 USD. The first support is located at 37,135 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NIKKEI225 $ FULL0624 rating is 38,410 USD. On the day, this instrument lost -0.52% and was traded between 38,360 USD and 38,850 USD over the period. The price is currently at +0.13% from its lowest and -1.13% from its highest.38,360
38,850
38,410
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NIKKEI225 $ FULL0624:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NIKKEI225 $ FULL0624 indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 33,300 | 35,788 | 37,135 | 38,410 | 38,908 | 40,845 |
| Change (%) | -13.30% | -6.83% | -3.32% | - | +1.30% | +6.34% |
| Change | -5,110 | -2,622 | -1,275 | - | +498 | +2,435 |
| Level | Major | Minor | Minor | - | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,748 | 37,927 | 38,268 | 38,447 | 38,788 | 38,967 | 39,308 |
| Camarilla | 38,467 | 38,515 | 38,562 | 38,610 | 38,658 | 38,705 | 38,753 |
| Woodie | 37,830 | 37,968 | 38,350 | 38,488 | 38,870 | 39,008 | 39,390 |
| Fibonacci | 37,927 | 38,125 | 38,248 | 38,447 | 38,645 | 38,768 | 38,967 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36,858 | 37,432 | 37,823 | 38,397 | 38,788 | 39,362 | 39,753 |
| Camarilla | 37,950 | 38,038 | 38,127 | 38,215 | 38,303 | 38,392 | 38,480 |
| Woodie | 36,768 | 37,386 | 37,733 | 38,351 | 38,698 | 39,316 | 39,663 |
| Fibonacci | 37,432 | 37,800 | 38,028 | 38,397 | 38,765 | 38,993 | 39,362 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32,802 | 34,773 | 36,377 | 38,348 | 39,952 | 41,923 | 43,527 |
| Camarilla | 36,997 | 37,325 | 37,652 | 37,980 | 38,308 | 38,635 | 38,963 |
| Woodie | 32,618 | 34,681 | 36,193 | 38,256 | 39,768 | 41,831 | 43,343 |
| Fibonacci | 34,773 | 36,139 | 36,983 | 38,348 | 39,714 | 40,558 | 41,923 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.00 | |
| MACD (12,26,9): | -98.0000 | |
| Directional Movement: | 2 | |
| AROON (14): | 57 | |
| DEMA (21): | 38,267 | |
| Parabolic SAR (0,02-0,02-0,2): | 37,960 | |
| Elder Ray (13): | 215 | |
| Super Trend (3,10): | 39,574 | |
| Zig ZAG (10): | 38,400 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 65.00 | |
| TEMA (21): | 38,258 | |
| Williams %R (14): | -41.00 | |
| Chande Momentum Oscillator (20): | 50 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.00 |
| MA7: | 38,439 | |
| MA20: | 38,187 | |
| MA50: | 38,962 | |
| MA100: | 37,684 | |
| MAexp7: | 38,408 | |
| MAexp20: | 38,437 | |
| MAexp50: | 38,423 | |
| MAexp100: | 37,509 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | +0.58% | |
| Price / MA50: | -1.42% | |
| Price / MA100: | +1.93% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +2.40% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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