NIKKEI225 INDEX
NIKKEI225 INDEX
24,023.10 JPY (+2.55%)
EOD data - Japan Indices
Open: 23,810.60
Change: +598.30
Volume: 0
Low: 23,775.70
High: 24,050.00
High / Low range: 274.30
Type: Indices
Ticker: NK225
ISIN: XC0009692440

NIKKEI225 INDEX - Daily - Technical analysis published on 08/14/2019

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  • Timeframe : Daily
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 20,990.30 JPY
My targets
20,393.40 JPY (-0.30%)
19,195.40 JPY (-6.16%)
My analysis
The bearish trend is currently very strong for NIKKEI225 Index. As long as the price remains below the resistance at 20,990.30 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 20,393.40 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 19,195.40 JPY as an objective. Crossing it would then enable sellers to target 18,264.70 JPY. 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.

Complete this analysis for another time unit:
Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 product 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 analysis. 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.

Additional analysis

Quotes

The NIKKEI225 Index price is 20,455.40 JPY. The price registered a decrease of -1.11% on the session and was traded between 20,369.30 JPY and 20,503.40 JPY over the period. The price is currently at +0.42% from its lowest and -0.23% from its highest.

20,369.30
20,503.40
20,455.40

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this NIKKEI225 Index chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18,264.70 19,195.40 20,393.40 20,455.40 20,990.30 21,547.00 22,307.60
Change (%) -10.71% -6.16% -0.30% - +2.61% +5.34% +9.05%
Change -2,190.70 -1,260.00 -62.00 - +534.90 +1,091.60 +1,852.20
Level Major Major Intermediate - Intermediate Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20,257.6020,360.3020,476.8020,579.5020,696.0020,798.7020,915.20
Camarilla20,533.0220,553.1120,573.2120,593.3020,613.3920,633.4920,653.58
Woodie20,264.5020,363.7520,483.7020,582.9520,702.9020,802.1520,922.10
Fibonacci20,360.3020,444.0320,495.7720,579.5020,663.2320,714.9720,798.70


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19,934.3020,447.2020,767.2021,280.1021,600.1022,113.0022,433.00
Camarilla20,858.1520,934.5021,010.8521,087.2021,163.5521,239.9021,316.25
Woodie19,837.8520,398.9720,670.7521,231.8821,503.6522,064.7822,336.55
Fibonacci20,447.2020,765.3720,961.9321,280.1021,598.2721,794.8322,113.00


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20,239.2020,616.3021,068.9021,446.0021,898.6022,275.7022,728.30
Camarilla21,293.3321,369.3921,445.4421,521.5021,597.5621,673.6121,749.67
Woodie20,276.9520,635.1821,106.6521,464.8821,936.3522,294.5722,766.05
Fibonacci20,616.3020,933.2521,129.0621,446.0021,762.9521,958.7622,275.70

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): 35.99
MACD (12,26,9): -204.8200
Directional Movement: -23.49
AROON (14): -57.14
DEMA (21): 20,947.88
Parabolic SAR (0,02-0,02-0,2): 21,475.76
Elder Ray (13): -299.96
Super Trend (3,10): 21,283.49
Zig ZAG (10): 20,684.80
VORTEX (21): 0.7100
Stochastique (14,3,5): 28.47
TEMA (21): 20,733.35
Williams %R (14): -66.48
Chande Momentum Oscillator (20): -1,024.80
Repulse (5,40,3): 0.3600
ROCnROLL: 2
TRIX (15,9): -0.0500
Courbe Coppock: 6.16
MA7: 20,818.36
MA20: 21,297.09
MA50: 21,251.90
MA100: 21,408.79
MAexp7: 20,821.40
MAexp20: 21,153.24
MAexp50: 21,287.50
MAexp100: 21,348.96
Price / MA7: -1.74%
Price / MA20: -3.95%
Price / MA50: -3.75%
Price / MA100: -4.45%
Price / MAexp7: -1.76%
Price / MAexp20: -3.30%
Price / MAexp50: -3.91%
Price / MAexp100: -4.19%

News


The last news published on NIKKEI225 Index 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 instrument.

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