NIKKEI 225

- JPY (-)

- End-of-day data - Japan Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	NK225
ISIN:	JP9010C00002

NIKKEI 225 - Daily - Technical analysis published on 05/20/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 37,203.69 JPY

My targets

40,109.23 JPY (+3.60%)

40,888.43 JPY (+5.62%)

My analysis

A bullish trend on NIKKEI 225 both in substance and in the short term. A purchase could be considered as long as the price remains above 37,203.69 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 40,109.23 JPY. Then the price could move towards 40,888.43 JPY. Be careful, a return below 37,203.69 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

5.5

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

The NIKKEI 225 rating is 38,714.01 JPY. On the day, this instrument lost -0.38% and was traded between 38,539.56 JPY and 38,842.49 JPY over the period. The price is currently at +0.45% from its lowest and -0.33% from its highest.

38,539.56

38,842.49

38,714.01

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NIKKEI 225 in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Momentum 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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30,589.60	33,687.80	37,203.69	38,714.01	38,729.25	40,109.23	40,888.43
Change (%)	-20.99%	-12.98%	-3.90%	-	+0.04%	+3.60%	+5.62%
Change	-8,124.41	-5,026.21	-1,510.32	-	+15.24	+1,395.22	+2,174.42
Level	Major	Intermediate	Minor	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38,251.95	38,395.76	38,554.88	38,698.69	38,857.81	39,001.62	39,160.74
Camarilla	38,630.70	38,658.47	38,686.24	38,714.01	38,741.78	38,769.55	38,797.32
Woodie	38,259.62	38,399.59	38,562.55	38,702.52	38,865.48	39,005.45	39,168.41
Fibonacci	38,395.76	38,511.48	38,582.97	38,698.69	38,814.41	38,885.90	39,001.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37,228.60	37,599.09	38,156.55	38,527.04	39,084.50	39,454.99	40,012.45
Camarilla	38,458.82	38,543.89	38,628.95	38,714.01	38,799.07	38,884.13	38,969.20
Woodie	37,322.09	37,645.83	38,250.04	38,573.78	39,177.99	39,501.73	40,105.94
Fibonacci	37,599.09	37,953.57	38,172.56	38,527.04	38,881.52	39,100.51	39,454.99

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32,421.49	34,577.27	36,385.65	38,541.43	40,349.81	42,505.59	44,313.97
Camarilla	37,103.88	37,467.26	37,830.64	38,194.02	38,557.40	38,920.78	39,284.16
Woodie	32,247.78	34,490.42	36,211.94	38,454.58	40,176.10	42,418.74	44,140.26
Fibonacci	34,577.27	36,091.58	37,027.12	38,541.43	40,055.74	40,991.28	42,505.59

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):	54.80
MACD (12,26,9):	-126.9600
Directional Movement:	4.13
AROON (14):	100.00
DEMA (21):	38,216.60
Parabolic SAR (0,02-0,02-0,2):	37,013.96
Elder Ray (13):	333.60
Super Trend (3,10):	39,209.69
Zig ZAG (10):	38,859.87
VORTEX (21):	0.7800
Stochastique (14,3,5):	77.36
TEMA (21):	38,176.74
Williams %R (14):	-2.80
Chande Momentum Oscillator (20):	1,210.56
Repulse (5,40,3):	-0.0600
ROCnROLL:	1
TRIX (15,9):	-0.1000
Courbe Coppock:	2.42

MA7:	38,333.55
MA20:	38,139.69
MA50:	39,086.93
MA100:	37,519.40
MAexp7:	38,420.43
MAexp20:	38,434.25
MAexp50:	38,426.31
MAexp100:	37,462.16
Price / MA7:	+0.99%
Price / MA20:	+1.51%
Price / MA50:	-0.95%
Price / MA100:	+3.18%
Price / MAexp7:	+0.76%
Price / MAexp20:	+0.73%
Price / MAexp50:	+0.75%
Price / MAexp100:	+3.34%

Quotes : - End-of-day data - Japan Indices

News

The last news published on NIKKEI 225 at the time of the generation of this analysis was as follows:

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

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