Nikkei 225 (NIKKEI.NDX)
Close: 37 724.00 (+568.58), Sep 20, 2024
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Liquidity risk: | Volatility risk: |
Short term
Nikkei 225 has broken through the ceiling of a falling trend channel in the short term. This indicates a slower falling rate initially, or the start of a more horizontal development. The index has support at points 36100 and resistance at points 38600. Trading volume has increased substantially lately, which may be because of fundamental news. The index is overall assessed as technically slightly negative for the short term. Recommendation one to six weeks:
Medium term
Nikkei 225 is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is between support at points 37000 and resistance at points 39000. A definitive break through of one of these levels predicts the new direction. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically neutral for the medium long term. Recommendation one to six months:
Long term
Investors have paid higher prices over time to buy Nikkei 225 and the index is in a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after meeting the objective at 33137 after the break of the double top formation. A significant penetation of 37068 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index has support at points 30400 and resistance at points 42000. The index is overall assessed as technically neutral for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.93% | 0.00 | +1.53% |
5 days | -43.93 | 3.14% | 91.44 | +2.42% |
22 days | 6.16 | 8.64% | 47.29 | +0.90% |
66 days | -16.61 | 16.94% | 34.62 | -2.81% |
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