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 18,555.10.

The projected upper bound is: 19,869.38.

The projected lower bound is: 18,445.39.

The projected closing price is: 19,157.38.

NIKKEI 225 INDEX closed down -30.771 at 19,114.369. Volume was 9% below average (neutral) and Bollinger Bands were 32% wider than normal.

Open               High              Low                Close            Volume
18,997.680     19,176.811    18,991.590   19,114.369   1,213,970,048

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

Moving Averages: 10-period           50-period          200-period
Close:                       19,362.04          18,195.91            16,946.66
Volatility:                10                        27                        28
Volume:                  1,202,232,960  1,474,207,232   1,383,773,056

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 12.8% above its 200-period moving average and is in an upward trend. Volatility is 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 55 periods.

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 21.9462. This is not an overbought or oversold reading. The last signal was a sell 5 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 59.71. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 1 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 -140.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 8 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 sell 4 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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