MMA Weekly Report Nikkei Average Stock Price By Raymond Merriman May 11, 2026

1. Review

Last week the Nikkei Stock Average closed at 62,713, up 3,200 points from the previous week. The week's high was 63,091 on Thursday, May 7. The week's low was also on Thursday, May 7, at 60,213. The close exceeded the weekly upside resistance line, so the sentiment was bullish. Furthermore, this close exceeded the Weekly Trend Indicator Point (TIP) for the fifth consecutive week, and also set a new record high. Therefore, the underlying trend remains in an “upward trend” state.

2. Cycles

As has been stated before, in “Forecast 2026” the long-term market cycle duration of the Nikkei Stock Average has been changed from 17 years to 19 years. However, there is no change to the base date of October 28, 2008, at 6,994. Therefore, where this 19-year cycle bottoms, or whether it has not yet bottomed, will be the focus in 2026.

Please see the PDF file for the continuation.

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