ARK FINTECH INNOVATION ETF (ARKF) Stock Technical Analysis
USA - NYSEARCA:ARKF - US00214Q7088 - ETF
Taking everything into account, ARKF scores 9 out of 10 in our technical rating. In the last year, ARKF was one of the better performers, but we do observe some doubts in the very recent evolution.
ARKF has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 57.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.56, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ARKF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3 important support areas can be observed.
- A support zone ranging from 54.39 to 56.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.82 from a horizontal line in the daily time frame.
- Support @33.59 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 57.77 to 57.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.83 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 ARKF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARKF is neutral. |
| ChartMill Relative Strength | 90.42 | POSITIVE | ARKF has a high relative strength, it outperformed 90.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARKF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARKF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARKF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.22 | NEUTRAL | The RSI value for ARKF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ARKF has a negative trend. |
| Stochastics (14,3) | 55.38 | NEUTRAL | The Stochastics value for ARKF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKF suggests some volalility. |
| Average Directional Index/ADX (14) | 16.73 | NEGATIVE | The low ADX value for ARKF suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 57.79 | 54.38 | 3.41 (5.90%) | 16.95% |
| An entry @57.79. This is a Buy Stop order right above the resistance zone. | An exit @54.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.41 points, which is 5.90%. | For a 1.00% total portfolio risk, you can invest 16.95% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
56.61
+1.28 (+2.31%)
ARK FINTECH INNOVATION ETF / ARKF FAQ
What is the ChartMill technical rating of ARK FINTECH INNOVATION ETF (ARKF) stock?
ChartMill assigns a technical rating of 9 / 10 to ARKF.
What is the trend direction for ARKF stock?
The current trend direction for ARK FINTECH INNOVATION ETF (ARKF) is Bullish.
What is the RSI signal for ARKF stock?
ARK FINTECH INNOVATION ETF (ARKF) has an RSI value of 51.2231. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ARK FINTECH INNOVATION ETF?
ARK FINTECH INNOVATION ETF (ARKF) has a support level at 56.56 and a resistance level at 57.77. Check the full technical report for our detailed analysis of ARKF support and resistance levels.