SoftBank above 50-day line at 5,420.64 yen, 200-day line at 5,258.58 yen

SoftBank Group shares closed at 3,549 yen on the sixth, down 10.83% from the prior session and 60.9% below the intraday year-to-date high of 9,074 yen set on June 2, with an intraday low of 3,350 yen marking the weakest level since the start of the year. As of the sixth, the 50-day simple moving average stood at 5,420.64 yen and the 200-day at 5,258.58 yen, leaving the 50-day above the 200-day and no death cross in place on those two measures. A death cross, typically defined as the 50-day average falling below the 200-day, had not been triggered by the day's decline alone, based on indicators dated November 6. The gap between the stock and its long-term averages underscores how far the share price has fallen from mid-year highs, and the next thing to watch is whether the 50-day average breaks below the 200-day to confirm the bearish crossover.