Free Nikkei 500 Retail (NG22.OS) Technical Analysis Signals

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

Nikkei 500 Retail (NG22.OS) signal with technical analysis on 06 Nov

On 06 Nov, we conducted a comprehensive technical analysis of Nikkei 500 Retail (NG22.OS), considering 256 signals with intricate details. Here are the key findings: 45 signals suggested buy strategies, while 117 indicated sell strategies. The remaining 94 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: 18
Sell Signals: 24
Neutral Signals: 22
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 13
Sell Signals: 26
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 5
Sell Signals: 35
Neutral Signals: 24
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 9
Sell Signals: 32
Neutral Signals: 23
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 45
Sell Signals: 117
Neutral Signals: 94
Result: This strategy leads to a Hold 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 Retail (NG22.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 Retail (NG22.OS) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Nikkei 500 Retail (NG22.OS) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
Nikkei 500 Retail (NG22.OS) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 11.43% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **Nikkei 500 Retail (NG22.OS)** holdings.

Nikkei 500 Retail (NG22.OS) Price Analysis and Support Levels:

In our current Nikkei 500 Retail (NG22.OS) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 7971.6 We are closely monitoring the price at the first support level of 7971.6, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 7374.59 If the first support level at 7971.6 is broken, the second support level at 7374.59 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 6949.87 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 6949.87 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading Nikkei 500 Retail (NG22.OS). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

Nikkei 500 Retail (NG22.OS) technical analysis chart

Nikkei 500 Retail (NG22.OS) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 8338.13 8448.68 8858.95 -- --
Support 7971.6 7374.59 6949.87 6754.88 6299.15
 Nikkei 500 Retail (NG22.OS) Support and Resistance area (06 Nov)

Nikkei 500 Retail (NG22.OS) signals list for 06 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Nikkei 500 Retail (NG22.OS) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Nov Hold NeutralHoldHoldHold
2 01 Nov Sell SellHoldHoldHold
3 31 Oct Hold NeutralHoldHoldHold
4 30 Oct Buy BuyHoldHoldHold
5 29 Oct Hold NeutralHoldHoldHold
6 28 Oct Hold HoldHoldHoldHold
7 25 Oct Sell HoldHoldHoldSell
8 24 Oct Hold HoldHoldHoldNeutral
9 23 Oct Sell HoldHoldSellNeutral
10 22 Oct Sell HoldSellNeutralHold
11 21 Oct Sell SellBuyHoldHold
12 18 Oct Hold NeutralNeutralHoldHold
13 17 Oct Hold NeutralHoldHoldHold
14 16 Oct Hold HoldHoldHoldHold
15 15 Oct Hold HoldHoldHoldHold
16 11 Oct Hold HoldHoldHoldHold
17 10 Oct Hold HoldHoldHoldHold
18 09 Oct Hold HoldHoldHoldHold
19 08 Oct Hold HoldHoldHoldHold
20 07 Oct Hold HoldHoldHoldHold
21 04 Oct Buy BuyHoldHoldBuy
22 03 Oct Buy NeutralNeutralBuyNeutral
23 02 Oct Sell SellNeutralNeutralHold
24 01 Oct Hold HoldHoldHoldHold
25 30 Sep Hold HoldHoldHoldHold
26 27 Sep Hold HoldHoldHoldHold
27 26 Sep Hold HoldHoldHoldHold
28 25 Sep Hold HoldHoldHoldHold
29 24 Sep Hold HoldHoldHoldHold
30 20 Sep Buy HoldBuyBuyBuy

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