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 05/17/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 29,191.50 JPY

My targets

30,568.90 JPY (+1.63%)

My analysis

NIKKEI 225 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 29,191.50 JPY. The next resistance located at 30,568.90 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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

8.9

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 Simon1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NIKKEI 225 price is 30,079.70 JPY. On the day, this instrument gained +0.76% and was between 29,912.40 JPY and 30,115.30 JPY. This implies that the price is at +0.56% from its lowest and at -0.12% from its highest.

29,912.40

30,115.30

30,079.70

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 NIKKEI 225 in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

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 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	27,437.40	28,638.10	29,191.50	30,079.70	30,568.90
Change (%)	-8.78%	-4.79%	-2.95%	-	+1.63%
Change	-2,642.30	-1,441.60	-888.20	-	+489.20
Level	Minor	Major	Major	-	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29,753.40	29,832.90	29,956.30	30,035.80	30,159.20	30,238.70	30,362.10
Camarilla	30,023.90	30,042.50	30,061.10	30,079.70	30,098.30	30,116.90	30,135.50
Woodie	29,775.35	29,843.88	29,978.25	30,046.78	30,181.15	30,249.68	30,384.05
Fibonacci	29,832.90	29,910.41	29,958.29	30,035.80	30,113.31	30,161.19	30,238.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28,604.80	28,768.31	29,092.81	29,256.32	29,580.82	29,744.33	30,068.83
Camarilla	29,283.12	29,327.85	29,372.59	29,417.32	29,462.05	29,506.79	29,551.52
Woodie	28,685.31	28,808.56	29,173.32	29,296.57	29,661.33	29,784.58	30,149.34
Fibonacci	28,768.31	28,954.73	29,069.90	29,256.32	29,442.74	29,557.91	29,744.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26,489.46	26,958.56	27,894.73	28,363.83	29,300.00	29,769.10	30,705.27
Camarilla	28,444.45	28,573.27	28,702.08	28,830.90	28,959.72	29,088.53	29,217.35
Woodie	26,723.00	27,075.33	28,128.27	28,480.60	29,533.54	29,885.87	30,938.81
Fibonacci	26,958.56	27,495.37	27,827.02	28,363.83	28,900.64	29,232.29	29,769.10

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):	74.47
MACD (12,26,9):	408.3500
Directional Movement:	33.44
AROON (14):	71.43
DEMA (21):	29,443.73
Parabolic SAR (0,02-0,02-0,2):	28,715.73
Elder Ray (13):	694.87
Super Trend (3,10):	29,105.35
Zig ZAG (10):	29,852.90
VORTEX (21):	1.2200
Stochastique (14,3,5):	98.25
TEMA (21):	29,617.38
Williams %R (14):	-3.80
Chande Momentum Oscillator (20):	1,240.70
Repulse (5,40,3):	0.9400
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	5.93

MA7:	29,335.64
MA20:	28,903.25
MA50:	28,214.12
MA100:	27,582.61
MAexp7:	29,399.66
MAexp20:	28,932.89
MAexp50:	28,369.76
MAexp100:	27,957.20
Price / MA7:	+2.54%
Price / MA20:	+4.07%
Price / MA50:	+6.61%
Price / MA100:	+9.05%
Price / MAexp7:	+2.31%
Price / MAexp20:	+3.96%
Price / MAexp50:	+6.03%
Price / MAexp100:	+7.59%

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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