NIKKEI 225

NK225

- 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 02/07/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 26,987.40 JPY

My targets

28,369.90 JPY (+2.47%)

29,191.50 JPY (+5.44%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on NIKKEI 225. This is a positive signal for buyers. As long as the price remains above 26,987.40 JPY, a purchase could be considered. The first bullish objective is located at 28,369.90 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 29,191.50 JPY as an objective. Crossing it would then enable buyers to target 30,629.60 JPY. In the event of a return below 26,987.40 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.1

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.

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Additional analysis

Quotes

NIKKEI 225 rating 27,685.50 JPY. On the day, this instrument lost -0.03% and was traded between 27,662.10 JPY and 27,815.00 JPY over the period. The price is currently at +0.08% from its lowest and -0.47% from its highest.

27,662.10

27,815.00

27,685.50

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

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 NIKKEI 225 indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
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 2

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26,401.70	26,987.40	27,433.20	27,685.50	27,928.40	28,369.90	29,191.50
Change (%)	-4.64%	-2.52%	-0.91%	-	+0.88%	+2.47%	+5.44%
Change	-1,283.80	-698.10	-252.30	-	+242.90	+684.40	+1,506.00
Level	Minor	Minor	Intermediate	-	Minor	Major	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	27,473.83	27,567.97	27,626.73	27,720.87	27,779.63	27,873.77	27,932.53
Camarilla	27,643.45	27,657.47	27,671.48	27,685.50	27,699.52	27,713.53	27,727.55
Woodie	27,456.15	27,559.13	27,609.05	27,712.03	27,761.95	27,864.93	27,914.85
Fibonacci	27,567.97	27,626.37	27,662.46	27,720.87	27,779.27	27,815.36	27,873.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27,026.58	27,164.40	27,336.93	27,474.75	27,647.28	27,785.10	27,957.63
Camarilla	27,424.11	27,452.56	27,481.01	27,509.46	27,537.91	27,566.36	27,594.81
Woodie	27,043.94	27,173.08	27,354.29	27,483.43	27,664.64	27,793.78	27,974.99
Fibonacci	27,164.40	27,282.95	27,356.20	27,474.75	27,593.30	27,666.55	27,785.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24,318.36	24,990.12	26,158.62	26,830.38	27,998.88	28,670.64	29,839.14
Camarilla	26,821.04	26,989.73	27,158.42	27,327.11	27,495.80	27,664.49	27,833.18
Woodie	24,566.72	25,114.31	26,406.98	26,954.57	28,247.24	28,794.83	30,087.50
Fibonacci	24,990.12	25,693.10	26,127.40	26,830.38	27,533.36	27,967.66	28,670.64

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.32
MACD (12,26,9):	217.7700
Directional Movement:	22.16
AROON (14):	100.00
DEMA (21):	27,305.95
Parabolic SAR (0,02-0,02-0,2):	27,154.51
Elder Ray (13):	503.30
Super Trend (3,10):	26,926.82
Zig ZAG (10):	27,693.70
VORTEX (21):	1.1000
Stochastique (14,3,5):	92.66
TEMA (21):	27,623.19
Williams %R (14):	-7.92
Chande Momentum Oscillator (20):	1,288.47
Repulse (5,40,3):	-0.7100
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	9.32

MA7:	27,442.17
MA20:	26,898.00
MA50:	27,100.41
MA100:	27,223.59
MAexp7:	27,430.70
MAexp20:	27,096.70
MAexp50:	27,063.42
MAexp100:	27,168.25
Price / MA7:	+0.89%
Price / MA20:	+2.93%
Price / MA50:	+2.16%
Price / MA100:	+1.70%
Price / MAexp7:	+0.93%
Price / MAexp20:	+2.17%
Price / MAexp50:	+2.30%
Price / MAexp100:	+1.90%

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

News

Don't forget to follow the news on NIKKEI 225. At the time of publication of this analysis, the latest news was as follows:

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

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