NIKKEI225 $ FULL0624 - Daily - Technical analysis published on 05/18/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 26,990 USD
My targets
26,100 USD (-1.66%)
24,670 USD (-7.05%)
My analysis
The bearish trend is currently very strong for NIKKEI225 $ FULL0622. As long as the price remains below the resistance at 26,990 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 26,100 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 24,670 USD as an objective. Crossing it would then enable sellers to target 23,442 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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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 $ FULL0622 rating 26,540 USD. The price is lower by -1.14% since the last closing and was between 26,515 USD and 27,075 USD. This implies that the price is at +0.09% from its lowest and at -1.98% from its highest.26,515
27,075
26,540
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NIKKEI225 $ FULL0622 indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
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
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23,442 | 24,670 | 26,100 | 26,540 | 26,990 | 28,380 | 29,735 |
| Change (%) | -11.67% | -7.05% | -1.66% | - | +1.70% | +6.93% | +12.04% |
| Change | -3,098 | -1,870 | -440 | - | +450 | +1,840 | +3,195 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 26,150 | 26,305 | 26,575 | 26,730 | 27,000 | 27,155 | 27,425 |
| Camarilla | 26,728 | 26,767 | 26,806 | 26,845 | 26,884 | 26,923 | 26,962 |
| Woodie | 26,208 | 26,334 | 26,633 | 26,759 | 27,058 | 27,184 | 27,483 |
| Fibonacci | 26,305 | 26,467 | 26,568 | 26,730 | 26,892 | 26,993 | 27,155 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,675 | 25,115 | 25,905 | 26,345 | 27,135 | 27,575 | 28,365 |
| Camarilla | 26,357 | 26,470 | 26,582 | 26,695 | 26,808 | 26,921 | 27,033 |
| Woodie | 24,850 | 25,203 | 26,080 | 26,433 | 27,310 | 27,663 | 28,540 |
| Fibonacci | 25,115 | 25,585 | 25,875 | 26,345 | 26,815 | 27,105 | 27,575 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23,750 | 24,875 | 25,820 | 26,945 | 27,890 | 29,015 | 29,960 |
| Camarilla | 26,196 | 26,386 | 26,575 | 26,765 | 26,955 | 27,145 | 27,334 |
| Woodie | 23,660 | 24,830 | 25,730 | 26,900 | 27,800 | 28,970 | 29,870 |
| Fibonacci | 24,875 | 25,666 | 26,154 | 26,945 | 27,736 | 28,224 | 29,015 |
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): | -131.0000 | |
| Directional Movement: | 4 | |
| AROON (14): | -42 | |
| DEMA (21): | 26,467 | |
| Parabolic SAR (0,02-0,02-0,2): | 25,555 | |
| Elder Ray (13): | 256 | |
| Super Trend (3,10): | 27,643 | |
| Zig ZAG (10): | 26,555 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 56.00 | |
| TEMA (21): | 26,376 | |
| Williams %R (14): | -49.00 | |
| Chande Momentum Oscillator (20): | -335 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.00 |
| MA7: | 26,339 | |
| MA20: | 26,647 | |
| MA50: | 26,838 | |
| MA100: | 27,056 | |
| MAexp7: | 26,513 | |
| MAexp20: | 26,638 | |
| MAexp50: | 26,820 | |
| MAexp100: | 27,119 | |
| Price / MA7: | +0.76% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | -1.11% | |
| Price / MA100: | -1.91% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | -1.04% | |
| Price / MAexp100: | -2.14% |
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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