Nikkei 225 Index Technical Analysis & Today News
05 Sep 2022
NIKKEI 225 INDEX: NEWS & TECHNICAL
Japan stocks lower at close of trade; Nikkei 225 down 0.11%
Japan stocks were lower after the close on Monday, as losses in the Steel, Power and Transport sectors led shares lower.
At the close in Tokyo, the Nikkei 225 lost 0.11% to hit a new 1-month low.
The best performers of the session on the Nikkei 225 were Chiyoda Corp. (TYO:6366), which rose 7.20% or 29.00 points to trade at 432.00 at the close. Meanwhile, JGC Corp. (TYO:1963) added 4.64% or 88.00 points to end at 1,984.00 and Toppan Printing Co., Ltd. (TYO:7911) was up 3.22% or 70.00 points to 2,245.00 in late trade.
The worst performers of the session were Odakyu Electric Railway Co., Ltd. (TYO:9007), which fell 3.33% or 63.00 points to trade at 1,830.00 at the close. Keisei Electric Railway Co., Ltd. (TYO:9009) declined 2.75% or 105.00 points to end at 3,720.00 and Casio Computer Co., Ltd. (TYO:6952) was down 2.16% or 29.00 points to 1,315.00.
Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1882 to 1603 and 299 ended unchanged.
The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 2.43% to 20.90.
NIKKEI 225 INDEX Technical Analysis: Daily Chart
In the daily charts, NIKKEI 225 INDEX is trading in down channel. NIKKEI 225 INDEX is currently trading below 20 and 50 days SMA & above 100 days SMA.
RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 27509.00 & the resistance level is at 27796.00.
DOW JONES INDEX will trade in down channel until there is trend reversal.
How to Trade DOW JONES INDEX this Week:
DOW JONES INDEX will follow the downtrend until their trend reversal. So, remain bearish on DOW JONES INDEX.