MMA Weekly Report Nikkei Average Stock Price By Raymond Merriman Apr.26 2021
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【Notice】Due to Golden Week stock market closures, next week's report will be on hiatus.
1. Review
Last week the Nikkei Stock Average closed at 29,020, down 662 points from the previous week. The week's high was 29,808 on Monday the 19th. The week's low was 29,419 on Wednesday the 21st. The close for the week stayed below the weekly downside support line, so sentiment was bearish. Furthermore, this closing price was below the Weekly Trend Indicator Point (TIP) for the fourth week in a row, so the overall bias remains "neutral."