NIKKEI225 $ FULL0624 - Daily - Technical analysis published on 10/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Bearish under 24,102 USD
My targets
22,713 USD (-1.99%)
21,733 USD (-6.22%)
My analysis
The strong short-term decline in NIKKEI225 $ FULL1220 calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 24,102 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 22,713 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 21,733 USD as an objective. Crossing it would then enable sellers to target 20,940 USD. Be careful, a return to above 24,102 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
1.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NIKKEI225 $ FULL1220 rating 23,175 USD. The price registered a decrease of -1.07% on the session and was traded between 23,095 USD and 23,450 USD over the period. The price is currently at +0.35% from its lowest and -1.17% from its highest.23,095
23,450
23,175
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NIKKEI225 $ FULL1220 indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 20,225 | 20,940 | 21,733 | 23,175 | 23,231 | 24,102 |
| Change (%) | -12.73% | -9.64% | -6.22% | - | +0.24% | +4.00% |
| Change | -2,950 | -2,235 | -1,442 | - | +56 | +927 |
| Level | Major | Major | Minor | - | Major | 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 | 22,978 | 23,112 | 23,268 | 23,402 | 23,558 | 23,692 | 23,848 |
| Camarilla | 23,345 | 23,372 | 23,398 | 23,425 | 23,452 | 23,478 | 23,505 |
| Woodie | 22,990 | 23,118 | 23,280 | 23,408 | 23,570 | 23,698 | 23,860 |
| Fibonacci | 23,112 | 23,222 | 23,291 | 23,402 | 23,512 | 23,581 | 23,692 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23,100 | 23,265 | 23,415 | 23,580 | 23,730 | 23,895 | 24,045 |
| Camarilla | 23,478 | 23,507 | 23,536 | 23,565 | 23,594 | 23,623 | 23,652 |
| Woodie | 23,093 | 23,261 | 23,408 | 23,576 | 23,723 | 23,891 | 24,038 |
| Fibonacci | 23,265 | 23,385 | 23,460 | 23,580 | 23,700 | 23,775 | 23,895 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21,578 | 22,047 | 22,713 | 23,182 | 23,848 | 24,317 | 24,983 |
| Camarilla | 23,068 | 23,172 | 23,276 | 23,380 | 23,484 | 23,588 | 23,692 |
| Woodie | 21,678 | 22,096 | 22,813 | 23,231 | 23,948 | 24,366 | 25,083 |
| Fibonacci | 22,047 | 22,480 | 22,748 | 23,182 | 23,615 | 23,883 | 24,317 |
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): | 41.00 | |
| MACD (12,26,9): | 40.0000 | |
| Directional Movement: | -11 | |
| AROON (14): | -93 | |
| DEMA (21): | 23,521 | |
| Parabolic SAR (0,02-0,02-0,2): | 23,755 | |
| Elder Ray (13): | -187 | |
| Super Trend (3,10): | 22,939 | |
| Zig ZAG (10): | 23,190 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 27.00 | |
| TEMA (21): | 23,461 | |
| Williams %R (14): | -87.00 | |
| Chande Momentum Oscillator (20): | -455 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 23,481 | |
| MA20: | 23,493 | |
| MA50: | 23,310 | |
| MA100: | 22,931 | |
| MAexp7: | 23,422 | |
| MAexp20: | 23,446 | |
| MAexp50: | 23,259 | |
| MAexp100: | 22,872 | |
| Price / MA7: | -1.30% | |
| Price / MA20: | -1.35% | |
| Price / MA50: | -0.58% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | -1.05% | |
| Price / MAexp20: | -1.16% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | +1.32% |
Quotes :
2020-10-28 16:26:39
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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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