The Nikkei 225 continued to decline, falling to an intraday low of ¥63,807.15 and closing at ¥64,075.42 in trading on the 20th. The formation of a short-term dead cross, with the 25-day moving average falling below the 5-day moving average, can be identified. The 75-day moving average stood at ¥66,359.04, while the 25-day moving average was approaching to within approximately ¥24.89 above the 75-day moving average. Attention is focused on the possibility that the formation of the dead cross will be confirmed from tomorrow onward.
The Nikkei 225 ended on the 20th at ¥64,075.42, down ¥841.28 from the previous day, after hitting an intraday low of ¥63,807.15. Based on the previous-day decline and the closing level, the index continued to trend weakly.
The decline suggested the formation of a short-term dead cross, with the 25-day moving average falling below the 5-day moving average, and reports indicated that sellers could gain the upper hand.
Meanwhile, the 75-day moving average stood at ¥66,359.04, while the 25-day moving average remained approximately ¥24.89 above it. Reports indicated that the dead cross could form as soon as tomorrow, raising concerns about the risk of a prolonged correction.
This news was based on information from FISCO reported by Yahoo! Finance, and focused on the approaching dead cross and developments in the longer-term moving averages.