Nikkei 225(INDEXNIKKEI:NI225) HEFFX Trading Outlook

Nikkei 225(INDEXNIKKEI:NI225) HEFFX Trading Outlook

Nikkei 225(INDEXNIKKEI:NI225) HEFFX Trading Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 18,401.00.

The projected upper bound is: 20,104.77.

The projected lower bound is: 18,686.71.

The projected closing price is: 19,395.74.

NIKKEI 225 INDEX closed down -95.240 at 19,349.250. Volume was 79% below average (consolidating) and Bollinger Bands were 63% wider than normal.

Open             High               Low               Close               Volume
19,396.850  19,401.051    19,327.510   19,349.250     275,060,000

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period          50-period         200-period
Close:                       19,301.03          17,951.81          16,886.04
Volatility:                10                       27                       29
Volume:                  1,398,472,960 1,448,589,440 1,395,959,936

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


Summary Nikkei
NIKKEI 225 INDEX is currently 14.6% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into .N225 (mildly bullish). Our trend forecasting oscillators are currently bullish on .N225 and have had this outlook for the last 50 periods. Our momentum oscillator is currently indicating that .N225 is currently in an overbought condition.

HEFFX Momentum Nikkei
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 59.6319. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 72.52. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 14 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 58. This is not a topping or bottoming area. The last signal was a sell 3 period(s) ago.

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 9 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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