ARK GENOMIC REVOLUTION ETF (ARKG) Stock Technical Analysis
NYSEARCA:ARKG - NYSE Arca - US00214Q3020 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to ARKG. In the past year, ARKG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ARKG is a bad performer in the overall market: 68% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ARKG has a been trading in the 20.26 - 23.52 range, which is quite wide. It is currently trading near the high of this range.
ARKG has an average volume of 2904790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ARKG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARKG is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ARKG has an average technical rating and it also does not offer a high quality setup 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
20.14
28.15
We found 3 important support areas.
- A support zone ranging from 21.26 to 21.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.92 from a horizontal line in the weekly time frame.
- A support zone ranging from 20.34 to 20.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- Resistance @27.87 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for ARKG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARKG is up. |
| ChartMill Relative Strength | 32.52 | NEUTRAL | ARKG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARKG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARKG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARKG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.02 | NEUTRAL | The RSI value for ARKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests ARKG has a positive trend. |
| Stochastics (14,3) | 86.78 | OVERBOUGHT | The high Stochastics value suggests ARKG may be overbought. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.63 | NEGATIVE | The low ADX value for ARKG 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)
23.28
+1.02 (+4.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.58%
1 Week11.28%
2 Weeks11.82%
1 Month7.13%
3 Month-0.21%
6 Month-11.92%
12 Month-7.87%
2 Year-31.71%
3 Year-26.07%
5 Year-55.37%
10 Year0.95%
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%3.81%
ATR Inc46.55%
Range Today0.87
ADR(20)0.83
ADR(20)%3.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.52
Mansfield-0.87
10 Day High23.52
10 Day Low20.26
20 Day High23.52
20 Day Low20.26
52 Week High31.16
52 Week Low17.51
CS1 End21.74
CR1 Start27.87
Volume & EV
DER(3)9.41%
DER(5)8.43%
Volume3.53M
Volume Incr13.15%
Vol(5)2.88M
Vol(50)2.90M