We assign a technical rating of 9 out of 10 to ARKG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARKG is showing a nice and steady performance.
Although ARKG has an excellent technical rating, it 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
26.40
We found 2 important support areas.
- A support zone ranging from 28.66 to 28.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.67 to 27.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.63 to 31.88. This zone is formed by a combination of multiple trend lines 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 | 86.24 | POSITIVE | ARKG has a high relative strength, it outperformed 86.24% off all stocks 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) | 61.43 | NEUTRAL | The RSI value for ARKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests ARKG has a positive trend. |
| Stochastics (14,3) | 97.6 | OVERBOUGHT | The high Stochastics value suggests ARKG may be overbought. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.99 | NEGATIVE | The low ADX value for ARKG suggests a weak or negative trend. |
31.19
+0.33 (+1.07%)
ARK GENOMIC REVOLUTION ETF / ARKG FAQ
Can you provide the ChartMill technical rating for ARK GENOMIC REVOLUTION ETF?
ChartMill assigns a technical rating of 9 / 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 61.4331. 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 positive.
Can you provide the support and resistance levels for ARK GENOMIC REVOLUTION ETF?
ARK GENOMIC REVOLUTION ETF (ARKG) has a support level at 28.89 and a resistance level at 31.63. Check the full technical report for our detailed analysis of ARKG support and resistance levels.