Japan stocks lower at close of trade; Nikkei 225 down 1.68%
Japan stocks were lower after the close on Friday, as losses in the Power, Railway & Bus and Precision Instruments sectors led shares lower.
At the close in Tokyo, the Nikkei 225 declined 1.68%.
The best performers of the session on the Nikkei 225 were Mitsubishi Motors Corp. (TYO:7211), which rose 18.01% or 94.00 points to trade at 616.00 at the close. Meanwhile, Konica Minolta, Inc. (TYO:4902) added 8.86% or 41.00 points to end at 504.00 and Mitsubishi Heavy Industries, Ltd. (TYO:7011) was up 4.41% or 227.00 points to 5,369.00 in late trade.
The worst performers of the session were Z Holdings Corp (TYO:4689), which fell 14.18% or 56.20 points to trade at 340.00 at the close. AGC Inc (TYO:5201) declined 9.33% or 435.00 points to end at 4,225.00 and Nippon Suisan Kaisha, Ltd. (TYO:1332) was down 8.59% or 47.00 points to 500.00.
Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2531 to 980 and 274 ended unchanged.
Shares in Z Holdings Corp (TYO:4689) fell to 52-week lows; losing 14.18% or 56.20 to 340.00.
The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 0.73% to 21.88 a new 1-month low.
NIKKEI 225 Technical Analysis: Daily Chart
In the daily charts, NIKKEI 225 is trading in up channel. NIKKEI 225 is currently trading below 100 days SMA & above 20 and 50 days SMA.
RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 26956.00 & the resistance level is at 27505.
NIKKEI 225 INDEX will trade in an up channel until there is trend reversal.
How to Trade NIKKEI 225 INDEX this Week:
NIKKEI 225 INDEX will follow the uptrend until there is trend reversal. So, remain bullish on NIKKEI 225 INDEX.
