The Nikkei Average continued to rise on the 26th, closing at ¥65,262.16, up ¥405.73 from the previous day. The 5-day moving average and 25-day line are turning upward, and the break above the lower boundary of the cloud puts the three bullish Ichimoku signals in sight.
The Nikkei Average continued to rise on the 26th, closing at ¥65,262.16, with both the intraday high and low above the previous day's levels. The candlestick was bullish, the 5-day moving average turned upward, and the 25-day line, which supports stock prices, rose for the second consecutive day.
The index has broken above the lower boundary of the Ichimoku cloud, suggesting that selling pressure is easing overall. The deviation from the 25-day line was 0.96%, with no signs of overheating, and the market's course could change depending on future developments.
If the closing price subsequently breaks above the upper boundary of the Ichimoku cloud, the three bullish signals will be complete, and a pattern favoring buyers is expected to become even clearer. The upper boundary of the cloud is cited as ¥66,903.95, the projected value for the 27th and 28th.