ARK FINTECH INNOVATION ETF (ARKF) Stock Technical Analysis
NYSEARCA:ARKF - NYSE Arca - US00214Q7088 - ETF - Currency: USD
Overall ARKF gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARKF is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ARKF is one of the better performing stocks in the market, outperforming 92% of all stocks.
ARKF is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ARKF is performing more or less in line with the market.
In the last month ARKF has a been trading in the 34.92 - 41.63 range, which is quite wide. It is currently trading near the high of this range.
ARKF has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 41.05, a Stop Loss order could be placed below this zone.
More info and screens
25.07
41.50
6 important support areas can be observed.
- A support zone ranging from 40.57 to 41.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.72 to 35.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @31.10 from a trend line in the weekly time frame.
- Support @29.86 from a trend line in the daily time frame.
- Support @29.11 from a horizontal line in the daily time frame.
- Support @25.32 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for ARKF is up. |
| ChartMill Relative Strength | 92.17 | POSITIVE | ARKF has a high relative strength, it outperformed 92.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARKF is above the rising 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) | 64.88 | NEUTRAL | The RSI value for ARKF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ARKF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.16 | OVERBOUGHT | The high Stochastics value suggests ARKF may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKF suggests some volalility. |
| Average Directional Index/ADX (14) | 24.01 | NEUTRAL | The ADX value for ARKF suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 41.64 | 40.56 | 1.08 (2.59%) | 25.00% |
| An entry @41.64. This is a Buy Stop order right above the 10 day high. | An exit @40.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.08 points, which is 2.59%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%. |
- The distance between exit and entry is rather small compared to the average daily movement of ARKF. Please evaluate whether better entry and exit points can be found.
- 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.
41.09
-0.37 (-0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.89%
1 Week-0.1%
2 Weeks0.1%
1 Month12.82%
3 Month7.93%
6 Month4.63%
12 Month54.07%
2 Year111.26%
3 Year118.8%
5 Year45.09%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%2.46%
ATR Inc-31.35%
Range Today0.39
ADR(20)0.79
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.17
Mansfield1.78
10 Day High41.63
10 Day Low40.05
20 Day High41.63
20 Day Low34.92
52 Week High44.72
52 Week Low22.85
CS1 End41.05
CR1 StartN/A
Volume & EV
DER(3)-4.73%
DER(5)-2.94%
Volume337.00K
Volume Incr12.33%
Vol(5)317.32K
Vol(50)341.89K