ARK 21SHARES BITCOIN ETF (ARKB) Stock Technical Analysis
NYSEARCA:ARKB - US0409191022 - ETF
37.1 USD
+0.61 (+1.67%)
36.9 USD
-0.2 (-0.54%)
Taking everything into account, ARKB scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
ARKB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, ARKB did better than 92% of all other stocks.
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 2103200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ARKB has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.67
41.26
We found 2 important support areas.
- A support zone ranging from 35.82 to 37.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.02 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 39.30 to 39.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @40.85 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 | UP | POSITIVE | The long term trend for ARKB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARKB is down. |
| ChartMill Relative Strength | 92.64 | POSITIVE | ARKB has a high relative strength, it outperformed 92.64% 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) | UP | MIXED | The current price of ARKB is below 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) | 46.86 | NEUTRAL | The RSI value for ARKB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ARKB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.23 | NEUTRAL | The Stochastics value for ARKB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKB suggests some volalility. |
| Average Directional Index/ADX (14) | 9.62 | 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)
37.1
+0.61 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.67%
1 Week-0.27%
2 Weeks-0.46%
1 Month-5.12%
3 Month7.01%
6 Month28.09%
12 Month108.23%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.02
ATR(20)%2.75%
ATR Inc2.27%
Range Today1.04
ADR(20)0.77
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.64
Mansfield0.81
10 Day High39.04
10 Day Low35.87
20 Day High40.87
20 Day Low35.87
52 Week High40.87
52 Week Low18.25
CS1 End37.07
CR1 Start39.3
Volume & EV
DER(3)2.27%
DER(5)0.94%
Volume1.96M
Volume Incr4.18%
Vol(5)2.47M
Vol(50)2.10M