MAXIS? Nikkei 225 ETF (NKY) Technical Analysis
NYSEARCA:NKY
We assign a technical rating of 2 out of 10 to NKY. In the past year, NKY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 70% of all other stocks performed better in the past year than NKY.
- In the last month NKY has a been trading in the 15.87 - 17.92 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- NKY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NKY is lagging the market slightly.
The technical rating of NKY is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.95
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.10 to 17.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.11 to 16.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 18.64 to 18.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.03 to 20.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NKY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NKY is up. |
| ChartMill Relative Strength | 30.86 | NEUTRAL | NKY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NKY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NKY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NKY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.66 | NEUTRAL | The RSI value for NKY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NKY has a positive trend. |
| Stochastics (14,3) | 82.78 | OVERBOUGHT | The high Stochastics value suggests NKY may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for NKY suggests low volalility. |
NKY Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:NKY (3/11/2016, 8:31:12 PM)
17.92
+0.47 (+2.69%)
MAXIS? Nikkei 225 ETF / NKY FAQ
What is the ChartMill technical rating of MAXIS? Nikkei 225 ETF (NKY) stock?
ChartMill assigns a technical rating of 2 / 10 to NKY.
Can you provide the trend direction for MAXIS? Nikkei 225 ETF?
The current trend direction for MAXIS? Nikkei 225 ETF (NKY) is Bearish.
What is the RSI signal for NKY stock?
MAXIS? Nikkei 225 ETF (NKY) has an RSI value of 63.66. This indicates that the stock is currently neutral.
What is the MACD signal for NKY stock?
The MACD indicator for MAXIS? Nikkei 225 ETF (NKY) has a value of 0.104727, indicating a bearish trend.
Can you provide the buy/sell signal for MAXIS? Nikkei 225 ETF?
The buy/sell signal for MAXIS? Nikkei 225 ETF (NKY) is hold as the short term and long term trends are mixed.