ARK 21SHARES BITCOIN ETF (ARKB) Stock Technical Analysis
NYSEARCA:ARKB - NYSE Arca - US0409191022 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to ARKB. Both in the recent history as in the last year, ARKB has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ARKB did better than 91% of all other stocks. We also observe that the gains produced by ARKB over the past year are nicely spread over this period.
ARKB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARKB is lagging the market slightly.
ARKB has an average volume of 1618080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ARKB has a been trading in the 36.07 - 40.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, ARKB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
27.68
40.28
When analyzing the support we can see 4 important areas.
- Support @37.58 from a horizontal line in the daily time frame.
- A support zone ranging from 36.29 to 36.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.33 to 34.43. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @27.96 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.12 to 39.88. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ARKB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARKB is neutral. |
| ChartMill Relative Strength | 91.75 | POSITIVE | ARKB has a high relative strength, it outperformed 91.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARKB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARKB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARKB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.79 | NEUTRAL | The RSI value for ARKB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests ARKB has a negative trend. |
| Stochastics (14,3) | 13.4 | OVERSOLD | The low Stochastics value suggests ARKB may be oversold. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.2 | NEGATIVE | The low ADX value for ARKB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.73 | 37.57 | 1.16 (3.00%) | 25.00% |
| An entry @38.73. This is a Buy Stop order right above the 10 day moving average. | An exit @37.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.16 points, which is 3.00%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The distance between exit and entry is rather small compared to the average daily movement of ARKB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
37.79
-0.34 (-0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.89%
1 Week-3.23%
2 Weeks-4.72%
1 Month4.46%
3 Month10.07%
6 Month18.6%
12 Month86.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%2.67%
ATR Inc-16.47%
Range Today0.66
ADR(20)0.79
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.75
Mansfield1.74
10 Day High39.75
10 Day Low37.43
20 Day High40.62
20 Day Low36.07
52 Week High40.62
52 Week Low17.73
CS1 End37.58
CR1 Start38.12
Volume & EV
DER(3)-6.98%
DER(5)-3.95%
Volume1.66M
Volume Incr19.78%
Vol(5)2.27M
Vol(50)1.62M