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

On 04 Nov, we conducted a comprehensive technical analysis of Nikkei 500 Land Transport (NG29.OS), considering 99 signals with intricate details. Here are the key findings: 7 signals suggested buy strategies, while 6 indicated sell strategies. The remaining 86 signals remained neutral without offering a specific direction.

KAMA 4MIDPOINT Slope 2T3 Slope 1TEMA Price 1TRIMA Slope 1CCI Crossover 1MOM Crossover 2PLUS_DI Threshold 1BOP Smoothed ThresholdSTOCH Normal Zone CrossStochastic RSI SignalEngulfing PatternADXR with DI+/DI-

Engulfing Pattern

Overall Strategy:
Buy Signals: 7
Sell Signals: 6
Neutral Signals: 86
Result: This strategy leads to a Neutral 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.

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Second Support Level: 1180.19
If the first support level is breached, the second support level at 1180.19 becomes a critical point. Breaking this level would indicate stronger downward momentum, likely driven by market sentiment or external factors.

These support levels should be considered carefully in the context of broader market trends and indicators. Staying alert and consistently analyzing the market will allow you to make informed decisions while trading Nikkei 500 Land Transport (NG29.OS). Paying attention to these support levels will help you adapt to the dynamic nature of the market and make smarter trading choices. Second Resistance Level: 1660.96
If the upward trend continues with significant strength, we may see Nikkei 500 Land Transport (NG29.OS) cross the second resistance level at 1660.96. This would indicate a major upside move and a promising direction for our position.

It's crucial to closely monitor these resistance levels and consider them in the context of broader market trends and indicators. To make informed decisions when trading Nikkei 500 Land Transport (NG29.OS), stay vigilant and continuously analyze the market. Focusing on these resistance levels, along with broader market dynamics, will help you make smarter trading decisions and adapt to the changing market conditions.