Technical Analysis of Nikkei 225 Index & News – 21 September 2022
21 Sep 2022
Nikkei 225 Index: News & Technical AnalysisÂ
Japan stocks lower at close of trade; Nikkei 225 down 1.36%
Japan stocks were lower after the close on Wednesday, as losses in the Power, Real Estate and Shipbuilding sectors led shares lower.
At the close in Tokyo, the Nikkei 225 declined 1.36% to hit a new 1-month low.
The best performers of the session on the Nikkei 225 were Japan Steel Works Ltd (TYO:5631), which rose 4.11% or 125.00 points to trade at 3,170.00 at the close. Meanwhile, Kawasaki Kisen Kaisha, Ltd. (TYO:9107) added 2.17% or 160.00 points to end at 7,540.00 and Kobe Steel, Ltd. (TYO:5406) was up 1.86% or 12.00 points to 658.00 in late trade.
The worst performers of the session were Unitika, Ltd. (TYO:3103), which fell 7.51% or 22.00 points to trade at 271.00 at the close. Pacific Metals Co., Ltd. (TYO:5541) declined 4.61% or 113.00 points to end at 2,337.00 and Daikin Industries, Ltd. (TYO:6367) was down 3.94% or 950.00 points to 23,145.00.
Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2732 to 801 and 244 ended unchanged.
The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 1.09% to 21.25.
NIKKEI 225 Technical Analysis: Daily Chart
In the daily charts, NIKKEI 225 is trading in down channel. NIKKEI 225 is currently trading below all SMA.
RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 27035.00 & the resistance level is at 27318.00.
NIKKEI 225 INDEX will trade in down channel until there is trend reversal.
How to Trade NIKKEI 225 INDEX this Week:
NIKKEI 225 INDEX will follow the downtrend until their trend reversal. So, remain bearish on NIKKEI 225 INDEX.