Number of new high price issues: Is the setback signaling the start of a corrective phase?
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Now, the theme this time isNumber of new high price stocks.
Below are the 5-day moving average of the number of new high price stocks and the Nikkei Stock Average.
The number of new highs (5-day average) that briefly surpassed 100 has fallen below 100 again. When it falls below 100, it is difficult for the price to move higher.
The 200-day moving average is 19389.16 as of September 6, so the closing price of 19357.97 on the 6th has fallen below it. It seems the market is likely to enter a correction period.
Note) The above is my personal opinion and is intended only to improve financial literacy. Therefore, it was not created for investment solicitation. The final investment decision is at your own risk.
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