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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Londinia

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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:

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.

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:

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:

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:

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

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	20,257.60	20,360.30	20,476.80	20,579.50	20,696.00	20,798.70	20,915.20
Camarilla	20,533.02	20,553.11	20,573.21	20,593.30	20,613.39	20,633.49	20,653.58
Woodie	20,264.50	20,363.75	20,483.70	20,582.95	20,702.90	20,802.15	20,922.10
Fibonacci	20,360.30	20,444.03	20,495.77	20,579.50	20,663.23	20,714.97	20,798.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19,934.30	20,447.20	20,767.20	21,280.10	21,600.10	22,113.00	22,433.00
Camarilla	20,858.15	20,934.50	21,010.85	21,087.20	21,163.55	21,239.90	21,316.25
Woodie	19,837.85	20,398.97	20,670.75	21,231.88	21,503.65	22,064.78	22,336.55
Fibonacci	20,447.20	20,765.37	20,961.93	21,280.10	21,598.27	21,794.83	22,113.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20,239.20	20,616.30	21,068.90	21,446.00	21,898.60	22,275.70	22,728.30
Camarilla	21,293.33	21,369.39	21,445.44	21,521.50	21,597.56	21,673.61	21,749.67
Woodie	20,276.95	20,635.18	21,106.65	21,464.88	21,936.35	22,294.57	22,766.05
Fibonacci	20,616.30	20,933.25	21,129.06	21,446.00	21,762.95	21,958.76	22,275.70

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%