ARK 21SHARES BITCOIN ETF (ARKB) Stock Technical Analysis
NYSEARCA:ARKB - NYSE Arca - US0409191022 - ETF - Currency: USD
Taking everything into account, ARKB scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ARKB did better than 94% of all other stocks. On top of that, ARKB also shows a nice and consistent pattern of rising prices.
ARKB is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ARKB has a been trading in the 33.14 - 39.33 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ARKB has an average volume of 1186790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ARKB has an excellent technical rating, it does not present a decent entry opportunity 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
28.19
39.68
5 important support areas can be observed.
- A support zone ranging from 36.54 to 36.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.84 to 35.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.87 to 35.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.05 from a trend line in the weekly time frame.
- Support @28.47 from a trend 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 | UP | POSITIVE | The long term trend for ARKB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARKB is up. |
| ChartMill Relative Strength | 94.96 | POSITIVE | ARKB has a high relative strength, it outperformed 94.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARKB is above 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) | 70.52 | OVERBOUGHT | The high RSI value suggests ARKB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests ARKB has a positive trend. |
| Stochastics (14,3) | 97.73 | OVERBOUGHT | The high Stochastics value suggests ARKB may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.51 | 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)
39.29
+1.57 (+4.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.16%
1 Week8.15%
2 Weeks9.78%
1 Month8.71%
3 Month40.93%
6 Month24.61%
12 Month104.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%2.39%
ATR Inc70.45%
Range Today0.55
ADR(20)0.7
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.96
Mansfield2.69
10 Day High39.33
10 Day Low35.02
20 Day High39.33
20 Day Low33.14
52 Week High39.33
52 Week Low16.51
CS1 End36.56
CR1 StartN/A
Volume & EV
DER(3)5.64%
DER(5)2.45%
Volume2.71M
Volume Incr9.4%
Vol(5)1.68M
Vol(50)1.19M