The Nikkei 225 rebounded on 13 November, rising to around ¥61,902.50, up more than ¥1,083 from the previous day, before closing at ¥61,142.35, a gain of ¥322.99. The high exceeded the previous day's level for the fourth consecutive day, while the low continued to move higher. The moving averages remained below the 25-day, 13-week and 26-week levels, while the index also showed signs of moving toward the Bollinger Band midline. The market is expected to become more range-bound next week, with the pace of recovery likely to slow.
The Nikkei 225 rebounded on the 13th, closing sharply higher than the previous day. It closed at ¥61,142.35 after reaching an intraday high of ¥61,902.50.
The candlestick formed a small bearish candle with an upper shadow, indicating continued resistance at higher levels, although buying appetite remains strong.
The index remained below the 25-day moving average, 13-week line and 26-week line, supporting the view that sellers continue to dominate the broader market. The five Bollinger Band lines are converging toward the midline, raising the possibility that the market will become more range-bound next week.