Overall ARKB gets a technical rating of 0 out of 10. ARKB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ARKB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 28.97, a Stop Loss order could be placed below this zone.
More info and screens
27.58
When analyzing the support we notice one important area.
- A support zone ranging from 27.86 to 28.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @30.92 from a horizontal line in the daily time frame.
- Resistance @40.84 from a horizontal line in the daily time frame.
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 ARKB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARKB is down. |
| ChartMill Relative Strength | 19.45 | NEGATIVE | ARKB has a low relative strength, it was outperformed by 80.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARKB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARKB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ARKB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.05 | NEUTRAL | The RSI value for ARKB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ARKB has a positive trend. |
| Stochastics (14,3) | 29.91 | NEUTRAL | The Stochastics value for ARKB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.74 | NEUTRAL | The ADX value for ARKB suggests a possible start of a new trend. |
29.05
+0.08 (+0.28%)
ARK 21SHARES BITCOIN ETF / ARKB FAQ
What is the ChartMill technical rating of ARK 21SHARES BITCOIN ETF (ARKB) stock?
ChartMill assigns a technical rating of 0 / 10 to ARKB.
What is the trend direction for ARKB stock?
The current trend direction for ARK 21SHARES BITCOIN ETF (ARKB) is Bearish.
What is the RSI signal for ARK 21SHARES BITCOIN ETF (ARKB) stock?
ARK 21SHARES BITCOIN ETF (ARKB) has an RSI value of 43.0472. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ARK 21SHARES BITCOIN ETF?
The short term momentum for ARK 21SHARES BITCOIN ETF (ARKB) is negative.
What is the buy/sell signal for ARKB stock?
The buy/sell signal for ARK 21SHARES BITCOIN ETF (ARKB) is sell as both the short term and long term trends are negative.