Free Nikkei 500 Communications (NG33.OS) Technical Analysis Signals

Overal Signal
Sell
Signals
Neutral Neutral Hold Sell
Last Update / Period
22 Jan / Daily
Category/Currency
Indexes/JPY
Exchange/Country
OSA/--

Nikkei 500 Communications (NG33.OS) signal with technical analysis on 22 Jan

On 22 Jan, we conducted a comprehensive technical analysis of Nikkei 500 Communications (NG33.OS), considering 256 signals with intricate details. Here are the key findings: 63 signals suggested buy strategies, while 96 indicated sell strategies. The remaining 97 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 23
Sell Signals: 13
Neutral Signals: 28
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 19
Sell Signals: 21
Neutral Signals: 24
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 7
Sell Signals: 33
Neutral Signals: 24
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 14
Sell Signals: 29
Neutral Signals: 21
Result: This strategy leads to a Sell position.

Overall Strategy:
Buy Signals: 63
Sell Signals: 96
Neutral Signals: 97
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Nikkei 500 Communications (NG33.OS) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Nikkei 500 Communications (NG33.OS) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Nikkei 500 Communications (NG33.OS) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
Nikkei 500 Communications (NG33.OS) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 22.93% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **Nikkei 500 Communications (NG33.OS)** investments.

Nikkei 500 Communications (NG33.OS) Price Analysis and Support Levels:

In our current Nikkei 500 Communications (NG33.OS) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 8338.43
We are closely monitoring the price at 8338.43, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 7184.03
If the first support level is broken, the second support level at 7184.03 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 6935.15
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 6935.15 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading Nikkei 500 Communications (NG33.OS). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

Nikkei 500 Communications (NG33.OS) technical analysis chart

Nikkei 500 Communications (NG33.OS) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 9238.55 9455.06 -- -- --
Support 8338.43 7184.03 6935.15 6412.33 --
 Nikkei 500 Communications (NG33.OS) Support and Resistance area (22 Jan)

Nikkei 500 Communications (NG33.OS) signals list for 22 Jan

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Nikkei 500 Communications (NG33.OS) candlestick patterns on 22 Jan

Today's Nikkei 500 Communications (NG33.OS) Candle Patterns List:

Engulfing Pattern

Nikkei 500 Communications (NG33.OS) technical analysis over the past days

# Date Overal Signals ALL Signals
1 21 Jan Sell NeutralNeutralHoldSell
2 20 Jan Buy BuyHoldNeutralNeutral
3 17 Jan Hold HoldHoldHoldHold
4 16 Jan Hold HoldHoldHoldHold
5 15 Jan Hold HoldHoldHoldHold
6 14 Jan Sell HoldHoldHoldSell
7 10 Jan Hold HoldHoldHoldNeutral
8 09 Jan Sell HoldHoldHoldSell
9 08 Jan Sell HoldHoldSellNeutral
10 07 Jan Hold HoldHoldNeutralNeutral
11 06 Jan Sell SellSellSellNeutral
12 30 Dec Hold NeutralNeutralHoldHold
13 27 Dec Buy HoldBuyHoldHold
14 26 Dec Buy BuyNeutralBuyHold
15 24 Dec Sell HoldSellNeutralHold
16 23 Dec Hold HoldNeutralNeutralHold
17 20 Dec Hold HoldSellNeutralNeutral
18 19 Dec Sell SellHoldHoldHold
19 18 Dec Hold NeutralHoldHoldHold
20 17 Dec Hold HoldHoldHoldHold
21 16 Dec Hold HoldHoldHoldHold
22 13 Dec Hold HoldHoldHoldHold
23 12 Dec Hold HoldHoldHoldHold
24 11 Dec Hold HoldHoldHoldHold
25 10 Dec Hold HoldHoldHoldHold
26 09 Dec Buy BuyHoldHoldHold
27 06 Dec Hold NeutralHoldHoldHold
28 05 Dec Hold HoldHoldHoldHold
29 04 Dec Hold HoldHoldHoldHold
30 03 Dec Hold HoldHoldHoldHold

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