The Nikkei Stock Average is above its 10-day moving average and remains in a phase of continued advance.
Today, the Nikkei Stock Average has been trading above its 10-day moving average, one of the short-term moving averages, and from a technical perspective may be viewed as being in a continuing phase of a bull market.
As an indicator of market movements, its future direction is expected to continue to depend on movements in the 10-day line and the performance of other short-term indices.