Free Nikkei 500 Land Transport (NG29.OS) Technical Analysis Signals

Overal Signal
Buy
Signals
Hold Buy Buy Neutral
Last Update / Period
06 Nov / Daily
Category/Currency
Indexes/JPY
Exchange/Country
OSA/--

Nikkei 500 Land Transport (NG29.OS) signal with technical analysis on 06 Nov

On 06 Nov, we conducted a comprehensive technical analysis of Nikkei 500 Land Transport (NG29.OS), considering 256 signals with intricate details. Here are the key findings: 111 signals suggested buy strategies, while 46 indicated sell strategies. The remaining 99 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: 29
Sell Signals: 8
Neutral Signals: 27
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 30
Sell Signals: 11
Neutral Signals: 23
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 27
Sell Signals: 12
Neutral Signals: 25
Result: This strategy leads to a Buy position.

Strategy 4:
Buy Signals: 25
Sell Signals: 15
Neutral Signals: 24
Result: This strategy leads to a Neutral position.

Overall Strategy:
Buy Signals: 111
Sell Signals: 46
Neutral Signals: 99
Result: This strategy leads to a Buy 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 Land Transport (NG29.OS) investments, we highly recommend visiting the "magicalprediction" 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 Land Transport (NG29.OS) on , there seems to be a tendency toward a buy signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and any investment decision should be made carefully. Consider the overall market conditions and how your choices align with your specific investment goals.


Based on the above signals, we recommend the following strategies:

Nikkei 500 Land Transport (NG29.OS) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, holding your position may be a good strategy according to our signals. However, always exercise caution and monitor market developments closely.

Nikkei 500 Land Transport (NG29.OS) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to choose the optimal time to exit based on our signal combination. If you have a higher risk tolerance, consider waiting for market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it’s advisable to consider the projected price range. This range represents a potential upside of 10.71%, determined by the highest predicted price. However, before deciding to enter a buy position, be cautious and conduct thorough research to ensure it aligns with your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial for managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make more informed decisions regarding your **Nikkei 500 Land Transport (NG29.OS)** holdings.

Nikkei 500 Land Transport (NG29.OS) Price Analysis and Resistance Levels:

Given our current long position in Nikkei 500 Land Transport (NG29.OS), analyzing key resistance levels is crucial to better understand its price movement. These levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (1358.84): The primary hurdle we face is the 1358.84 price level. If the current trend remains unchanged, Nikkei 500 Land Transport (NG29.OS) could break above this level, signaling its strength and potential for further growth.

Second resistance level (1459.21): If the upward trend continues with significant strength, we may see Nikkei 500 Land Transport (NG29.OS) cross the second resistance level at 1459.21, indicating a major upside move and a promising direction for our position.

Third resistance level (1469.27): For a more comprehensive analysis, consider a scenario where Nikkei 500 Land Transport (NG29.OS) not only breaks the second resistance level but holds its price above this mark. If this trend continues in the coming days, Nikkei 500 Land Transport (NG29.OS) could potentially reach the third resistance level of 1469.27.
It's essential to closely monitor these resistance levels and consider them in the broader context of market trends and indicators. To make informed decisions when trading Nikkei 500 Land Transport (NG29.OS), stay alert and continually analyze the market. By focusing on these resistance levels and considering broader market dynamics, you can make smarter trading decisions and adapt to this dynamic market.

Nikkei 500 Land Transport (NG29.OS) technical analysis chart

Nikkei 500 Land Transport (NG29.OS) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 1358.84 1459.21 1469.27 1538.45 1654.68
Support 1294.07 1269.55 1256.4 1246.74 1180.19
 Nikkei 500 Land Transport (NG29.OS) Support and Resistance area (06 Nov)

Nikkei 500 Land Transport (NG29.OS) signals list for 06 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Nikkei 500 Land Transport (NG29.OS) candlestick patterns on 06 Nov

Today's Nikkei 500 Land Transport (NG29.OS) Candle Patterns List:

Hikkake Pattern

Nikkei 500 Land Transport (NG29.OS) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Nov Buy HoldHoldBuyNeutral
2 01 Nov Hold HoldHoldNeutralNeutral
3 31 Oct Buy HoldBuyBuyNeutral
4 30 Oct Hold HoldNeutralHoldHold
5 29 Oct Buy BuyNeutralHoldHold
6 28 Oct Hold NeutralHoldHoldHold
7 25 Oct Hold HoldHoldHoldHold
8 24 Oct Hold HoldHoldHoldHold
9 23 Oct Hold HoldHoldHoldHold
10 22 Oct Hold HoldHoldHoldHold
11 21 Oct Hold HoldHoldHoldHold
12 18 Oct Sell HoldHoldHoldSell
13 17 Oct Hold HoldHoldHoldNeutral
14 16 Oct Sell HoldSellSellSell
15 15 Oct Hold HoldNeutralNeutralNeutral
16 11 Oct Sell SellNeutralHoldHold
17 10 Oct Hold NeutralHoldHoldHold
18 09 Oct Hold HoldHoldHoldHold
19 08 Oct Hold HoldHoldHoldHold
20 07 Oct Hold HoldHoldHoldHold
21 04 Oct Buy BuyBuyHoldHold
22 03 Oct Buy NeutralNeutralBuyBuy
23 02 Oct Hold HoldNeutralNeutralNeutral
24 01 Oct Hold HoldNeutralNeutralHold
25 30 Sep Sell SellNeutralNeutralHold
26 27 Sep Hold HoldHoldHoldHold
27 26 Sep Hold HoldHoldHoldHold
28 25 Sep Buy HoldBuyBuyHold
29 24 Sep Hold HoldNeutralNeutralHold
30 20 Sep Hold HoldHoldHoldHold

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