ARK 21SHARES BITCOIN ETF (ARKB) Stock Technical Analysis
USA - NYSEARCA:ARKB - US0409191022 - ETF
34.49 USD
+0.98 (+2.92%)
34.282 USD
-0.21 (-0.6%)
We assign a technical rating of 2 out of 10 to ARKB. Although ARKB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month ARKB has a been trading in the 33.02 - 38.58 range, which is quite wide. It is currently trading near the lows of this range.
ARKB has an average volume of 3301610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that ARKB is one of the better performing stocks in the market, outperforming 76% of all stocks. However, ARKB's most recent performance is quite weak.
ARKB 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 ARKB is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ARKB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
33.11
41.25
We found 1 important support area.
- A support zone ranging from 33.44 to 33.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 35.58 to 36.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 36.75 to 37.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @38.19 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 | NEUTRAL | NEUTRAL | The long term trend for ARKB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARKB is down. |
| ChartMill Relative Strength | 76.38 | POSITIVE | ARKB has a high relative strength, it outperformed 76.38% 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) | 42.25 | NEUTRAL | The RSI value for ARKB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests ARKB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.28 | NEUTRAL | The Stochastics value for ARKB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.58 | 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)
34.49
+0.98 (+2.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.92%
1 Week-5.46%
2 Weeks-6.12%
1 Month-10.97%
3 Month-10.9%
6 Month0.46%
12 Month34.8%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.43
ATR(20)%4.07%
ATR Inc-7.99%
Range Today1.48
ADR(20)0.99
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.38
3 months CRS16.79
6 months CRS30.18
Mansfield-0.84
10 Day High38.58
10 Day Low33.02
20 Day High38.58
20 Day Low33.02
52 Week High41.99
52 Week Low25.16
CS1 End33.61
CR1 Start35.58
Volume & EV
DER(3)2.25%
DER(5)-0.2%
Volume3.93M
Volume Incr10.35%
Vol(5)4.71M
Vol(50)3.30M
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 2 / 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 42.2547. 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.