NIKKEI225 $ FULL0325

- USD (-)

- 10 min delayed data - CME Globex Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	NKDXXXX
ISIN:	NKDXXXX

NIKKEI225 $ FULL0325 - Daily - Technical analysis published on 05/20/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 37,135 USD

My targets

40,845 USD (+4.01%)

My analysis

NIKKEI225 $ FULL0624 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 37,135 USD. The next resistance located at 40,845 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NIKKEI225 $ FULL0624 rating 39,270 USD. On the day, this instrument gained +1.33% with the lowest point at 38,700 USD and the highest point at 39,460 USD. The deviation from the price is +1.47% for the low point and -0.48% for the high point.

38,700

39,460

39,270

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NIKKEI225 $ FULL0624 indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	35,788	37,135	38,907	39,270	40,845
Change (%)	-8.87%	-5.44%	-0.92%	-	+4.01%
Change	-3,482	-2,135	-363	-	+1,575
Level	Minor	Minor	Intermediate	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38,268	38,412	38,583	38,727	38,898	39,042	39,213
Camarilla	38,668	38,697	38,726	38,755	38,784	38,813	38,842
Woodie	38,283	38,419	38,598	38,734	38,913	39,049	39,228
Fibonacci	38,412	38,532	38,606	38,727	38,847	38,921	39,042

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37,150	37,565	38,160	38,575	39,170	39,585	40,180
Camarilla	38,477	38,570	38,662	38,755	38,848	38,940	39,033
Woodie	37,240	37,610	38,250	38,620	39,260	39,630	40,270
Fibonacci	37,565	37,951	38,189	38,575	38,961	39,199	39,585

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	60.00
MACD (12,26,9):	37.0000
Directional Movement:	10
AROON (14):	86
DEMA (21):	38,557
Parabolic SAR (0,02-0,02-0,2):	38,221
Elder Ray (13):	467
Super Trend (3,10):	39,574
Zig ZAG (10):	39,305
VORTEX (21):	1.0000
Stochastique (14,3,5):	79.00
TEMA (21):	38,680
Williams %R (14):	-10.00
Chande Momentum Oscillator (20):	1,385
Repulse (5,40,3):	2.0000
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	3.00

MA7:	38,623
MA20:	38,400
MA50:	38,927
MA100:	37,853
MAexp7:	38,749
MAexp20:	38,581
MAexp50:	38,487
MAexp100:	37,598
Price / MA7:	+1.68%
Price / MA20:	+2.27%
Price / MA50:	+0.88%
Price / MA100:	+3.74%
Price / MAexp7:	+1.34%
Price / MAexp20:	+1.79%
Price / MAexp50:	+2.03%
Price / MAexp100:	+4.45%

Quotes : - 10 min delayed data - CME Globex Futures

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15463

Number of analyses :

89100

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

Comments

0 comments on the analysis NIKKEI225 $ FULL0325 - Daily

Market scanning tools

See all Signals

Statistics

Analyses : 265
Followers : 6