The Nikkei 225 fell ¥111.16 on a closing-price basis on the 3rd, marking a modest fourth consecutive decline. The candlesticks formed bearish marubozu patterns for the second straight day, and the index remained below its 5-day moving average.
The Nikkei 225 fell ¥111.16 on a closing-price basis on the 3rd, marking a modest fourth consecutive decline. The intraday high and low were both below the previous day's levels, suggesting strong selling pressure.
The 5-day moving average continued to move lower, crossing down through the 25-day moving average. Although a short-term dead cross has not formed, the risk of deteriorating market conditions was highlighted.
The downside deviation from the 25-day moving average was 2.62%. Although concern over the risk of a sharp decline has intensified, the deviation has not yet reached 5%, and some views held that rebound pressure remained limited.
The risk of deteriorating overall market conditions requires attention, and focus is turning to future market developments.