Taking everything into account, ARKG scores 8 out of 10 in our technical rating. In the last year, ARKG was one of the better performers, but we do observe some doubts in the very recent evolution.
ARKG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 28.06, a Stop Loss order could be placed below this zone.
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26.40
2 important support areas can be observed.
- A support zone ranging from 28.00 to 28.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.67 to 27.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 30.01 to 30.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 31.32 to 31.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ARKG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARKG is neutral. |
| ChartMill Relative Strength | 80.62 | POSITIVE | ARKG has a high relative strength, it outperformed 80.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARKG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARKG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARKG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.27 | NEUTRAL | The RSI value for ARKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests ARKG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.22 | OVERSOLD | The low Stochastics value suggests ARKG may be oversold. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.83 | NEGATIVE | The low ADX value for ARKG 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 |
|---|---|---|---|
| 30.37 | 28.88 | 1.49 (4.91%) | 20.38% |
| An entry @30.37. This is a Buy Stop order right above the resistance zone. | An exit @28.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.49 points, which is 4.91%. | For a 1.00% total portfolio risk, you can invest 20.38% 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.
29.61
+0.62 (+2.14%)
ARK GENOMIC REVOLUTION ETF / ARKG FAQ
Can you provide the ChartMill technical rating for ARK GENOMIC REVOLUTION ETF?
ChartMill assigns a technical rating of 8 / 10 to ARKG.
Can you provide the trend direction for ARK GENOMIC REVOLUTION ETF?
The current trend direction for ARK GENOMIC REVOLUTION ETF (ARKG) is Bullish.
What is the RSI signal for ARK GENOMIC REVOLUTION ETF (ARKG) stock?
ARK GENOMIC REVOLUTION ETF (ARKG) has an RSI value of 48.2717. This indicates that the stock is currently neutral.
What is the short term momentum for ARKG stock?
The short term momentum for ARK GENOMIC REVOLUTION ETF (ARKG) is neutral.
Can you provide the support and resistance levels for ARK GENOMIC REVOLUTION ETF?
ARK GENOMIC REVOLUTION ETF (ARKG) has a support level at 28.06 and a resistance level at 30.01. Check the full technical report for our detailed analysis of ARKG support and resistance levels.