Asian markets climb, Tokyo hits record after US tech gains
- Asian Markets Surge: Asian markets, including Tokyo, saw gains after Nvidia's strong earnings report, with the Nikkei 225 hitting a record high.
- Nvidia's Profits: Nvidia reported a quarterly profit of $12.3 billion and record revenue of $22.1 billion, driven by demand for its AI chips.
- Market Impact: Analysts predict that Nvidia's profits could boost Asian markets, with positive movements in Hong Kong, Shanghai, Seoul, Taipei, Bangkok, Manila, and Wellington.
- Global Market Trends: London's FTSE 100 was down due to HSBC's share price drop, while traders awaited clues from the European Central Bank and the US Federal Reserve on interest rate cuts.
- Key Figures: Tokyo's Nikkei 225 was up 1.8%, Euro/dollar and Dollar/yen rates increased, and oil prices rose slightly.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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