ARK GENOMIC REVOLUTION ETF (ARKG) Stock Technical Analysis
USA - NYSEARCA:ARKG - US00214Q3020 - ETF
25.6 USD
-0.59 (-2.25%)
25.7 USD
+0.1 (+0.39%)
We assign a technical rating of 8 out of 10 to ARKG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ARKG is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ARKG has a been trading in the 23.43 - 26.29 range, which is quite wide. It is currently trading near the high of this range.
ARKG has an average volume of 2201020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ARKG turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
ARKG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARKG is lagging the market.
ARKG 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 26.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.25, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.86
29.71
2 important support areas can be observed.
- A support zone ranging from 24.60 to 25.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.09 to 23.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 26.16 to 26.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @27.73 from a trend line in the weekly time frame.
- Resistance @29.42 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 ARKG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARKG is up. |
| ChartMill Relative Strength | 45.79 | 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) | UP | POSITIVE | The current price of ARKG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.9 | NEUTRAL | The RSI value for ARKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ARKG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.95 | NEUTRAL | The Stochastics value for ARKG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.44 | 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)
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 |
|---|---|---|---|
| 26.56 | 24.59 | 1.97 (7.42%) | 13.48% |
| An entry @26.56. This is a Buy Stop order right above the resistance zone. | An exit @24.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.97 points, which is 7.42%. | When investing 13.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
25.6
-0.59 (-2.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.25%
1 Week0.31%
2 Weeks3.39%
1 Month2.07%
3 Month9.08%
6 Month12.53%
12 Month-1.99%
2 Year-8.11%
3 Year-22.12%
5 Year-59.82%
10 Year36.53%
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%2.93%
ATR Inc50.14%
Range Today0.66
ADR(20)0.75
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.79
Mansfield-0.45
10 Day High26.29
10 Day Low24.2
20 Day High26.29
20 Day Low23.43
52 Week High31.16
52 Week Low17.51
CS1 End25.25
CR1 Start26.16
Volume & EV
DER(3)-1.2%
DER(5)-0.65%
Volume2.30M
Volume Incr5.61%
Vol(5)2.06M
Vol(50)2.20M