The main levels representing resistance above and support below for the Nikkei Average are published as of the 4th, together with indicators such as Bollinger Bands and moving-average lines. The current closing price and the levels of each indicator are presented in sequence.
Kabutan's analysis of the Nikkei Average's price position presents the index's closing price and resistance and support levels based on daily data, with updates expected at around 4:00 p.m. on business days. It explains that, in a rising market, fewer resistance points suggest market strength, while in a falling market, the increasing sense of undervaluation may be accompanied by greater awareness that upside is limited.
The levels presented include Bollinger Bands at ±3σ, ±2σ and ±1σ, moving-average lines such as the 13-week, 25-day and 75-day averages, and indicators including the lower cloud boundary, conversion line and base line. Multiple points of reference based on the Nikkei Average's closing price on the 4th are shown together, including example Bollinger levels and the values of major moving averages.
The article gives the Nikkei Average's closing price on the 4th as a specific figure and identifies Bollinger levels and moving averages as elements that make up the current price position. These indicators are presented as reference values at the current point in time, rather than forecasts of the Nikkei Average's future movements.