TOKYO (Reuters) – The Nikkei stock average is expected to be in slump in the Tokyo stock market today. While the environment is not bad due to strong stock prices in Europe and the US, buying and selling are said to be mixed up due to the previous day’s anticipated hike and fears of high prices. From a technical standpoint, the 200-day moving average line is likely to be aware of the upside resistance.
The expected range for the Nikkei Stock Average is between 26,900 yen and 27,400 yen.
The US stock market continued to rise on the 18th. Strong quarterly results from Goldman Sachs and Lockheed Martin eased concerns about corporate earnings.
However, since Japanese equities were able to anticipate the rise in US equities due to the big turnaround the previous day, profit-taking selling is likely to take precedence. The news that Apple Inc. is reducing production of the new iPhone “14 Plus” is also a factor that puts pressure on the share price.
However, US stock futures are doing well in after-hour trading for all three major indices, so it doesn’t look like there is going to be a big slump. Although the 200-day moving average line, which has approached as a resistance line, is expected to keep the share price low, it is highly likely that it will be a solid development to solidify 27,000 yen.
On the market, “domestic companies will announce their financial results from now on, and it looks like the mood to see it will get stronger. Strong financial results are attracting attention in the US, but the key point is where extent this will support Japanese equities. ” Ryuta Otsuka, strategist of Toyo Securities).
Closing price of the previous business day. High price since the beginning of the year. Low price since the beginning of the year
Nikkei Media 27156.14 29388.16 24681.74
+380.35 January 5, 2022 March 9, 2022
Chicago Nikkei Stock Average Futures 27095 (denominated in yen)
