All mid- to long-term moving-average stock prices are downward Mr. Hiroshi Koya

As a result, it caps the stock price

The medium- to long-term moving average stock prices are as follows.

Moving average stock price　　Direction
120 days (6 months)　　21,895 yen　　↓
200 days　　　　　　　21,740 yen　　↓
1 year　　　　　　　　　21,641 yen　　↓
100 days　　　　　　　21,612 yen　　↓
60 days (3 months)　　　20,262 yen　　↓

The directions of the moving average stock prices for each horizon from 3 months to 1 year are all downward as above.
as above.

It shows when each moving average stock price peaked and turned downward.
Peak　　　"Downward" days
3-month average　　2/21～　　　　　47 days
100-day average　　2/26～　　　　　45 days
200-day average　　2/26～　　　　　45 days
1-year average　　2/27～　　　　　44 days
6-month average　　3/06～　　　　　38 days

Excluding the 6-month average, the peak of the moving-average stock prices occurs in late February, and volatility rose sharply
in the fourth week of February as the turning point, it has shifted into a steep decline.

All moving averages from 60 days to 1 year were downward for a recent five-month period from late October 2018 to mid-March 2019. From that example as well,
the downward-sloping mid- to long-term moving-average stock prices have strong price dominance and cap the stock price.


Assuming the weekend stock level is maintained, the 3-month average would bottom out by mid-June, removing one of the supports, but
if it does not clearly surpass 20,000 yen, the 100-day-or-longer moving averages will take longer to bottom out.

Last week it briefly exceeded 20,000 yen, but the upside remains as resistance, and
even if it exceeds 20,000 yen, the 100-day-or-longer moving averages are downward-sloping,
the 21,000-yen level remains a distant prospect.

Publication date: 2020/05/04 09:06