MMA Weekly Report Nikkei Average Stock Price By Raymond Merriman Aug. 4 2025

1. Review

The Nikkei Stock Average closed last week at 40,799, down 657 points from the previous week. The week's high was 41,534 on Monday, July 28, and the week's low was 40,556 on Wednesday, July 30. The closing price for the week traded between the weekly support line and the weekly resistance line, so it was neutral. Probably the bullish streak has ended. However, this closing price remained above 14 of the 15 weeks on the Weekly Trend Indicator Point (TIP), so the underlying trend is still in an “uptrend.”

2. Cycles

As explained in my book “Forecast 2025,” the Nikkei Stock Average has a long-term market cycle of 17 years. The starting point was the low of 6,994 on October 28, 2008. This cycle is divided into 8.33-year subcycles, and the first half ended with the “double bottom” at 14,864 on June 24, 2016 and 14,865 on February 12, 2016. From there, the second half (the 2nd–8.33 year cycle) began. And 2025 is the 17th year of the 17-year cycle.

For the continuation, please see the PDF file.

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