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 stalling.

Intermediate term: Prices are trending.

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

The projected upper bound is: 20,299.12.

The projected lower bound is: 18,833.66.

The projected closing price is: 19,566.39.

NIKKEI 225 INDEX closed down -73.471 at 19,520.689. Volume was 3% above average (neutral) and Bollinger Bands were 8% wider than normal.

Open              High              Low               Close              Volume
19,602.100   19,615.400   19,473.279   19,520.689   1,386,829,952

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

Moving Averages: 10-period            50-period            200-period
Close:                       19,394.25            18,293.52            16,974.76
Volatility:                18                          27                         28
Volume:                   1,246,941,952    1,492,843,136    1,384,323,328

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 15.0% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. 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 57 periods.

Nikkei, Tokyo, Japan, 225, asia, Shayne, Heffernan, HEFFX, Trading, Outlook,

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 73.2153. This is not an overbought or oversold reading. The last signal was a sell 7 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 67.80. This is not a topping or bottoming area. However, the RSI just crossed below 70 from a topping formation. This is a bearish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 0 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 120.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 1 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 6 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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