Overall ARKB gets a technical rating of 0 out of 10. ARKB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 88% of all other stocks performed better in the past year than ARKB.
- ARKB is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ARKB has a been trading in the 23.90 - 32.52 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ARKB has an average volume of 5628390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ARKB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
24.11
2 important resistance areas can be observed.
- A resistance zone ranging from 29.32 to 29.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.59 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 | 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 | 12.58 | NEGATIVE | ARKB has a low relative strength, it was outperformed by 87.42% 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) | DOWN | NEGATIVE | The current price of ARKB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.78 | OVERSOLD | The low RSI value suggests ARKB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests ARKB has a negative trend. |
| Stochastics (14,3) | 7.13 | OVERSOLD | The low Stochastics value suggests ARKB may be oversold. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.25 | NEUTRAL | The ADX value for ARKB suggests a possible start of a new trend. |
24.35
-1.01 (-3.98%)
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.
Can you provide the trend direction for ARK 21SHARES BITCOIN ETF?
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 24.7803. This indicates that the stock is currently oversold.
What is the buy/sell signal for ARK 21SHARES BITCOIN ETF (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.
What are the support and resistance levels for ARK 21SHARES BITCOIN ETF (ARKB) stock?
ARK 21SHARES BITCOIN ETF (ARKB) has a resistance level at 29.32. Check the full technical report for our detailed analysis of ARKB support and resistance levels.