ARK INNOVATION ETF (ARKK) Stock Technical Analysis
NYSEARCA:ARKK - NYSE Arca - US00214Q1040 - ETF - Currency: USD
Overall ARKK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ARKK has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ARKK is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by ARKK over the past year are nicely spread over this period.
ARKK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARKK is lagging the market slightly.
In the last month ARKK has a been trading in the 55.02 - 65.29 range, which is quite wide. It is currently trading near the high of this range.
ARKK has an average volume of 11629800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ARKK has an excellent technical rating, it does not present a decent entry opportunity 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
41.17
65.58
We found 4 important support areas.
- A support zone ranging from 58.98 to 59.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 56.06 to 56.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.09 from a trend line in the weekly time frame.
- A support zone ranging from 41.59 to 42.00. 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 ARKK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARKK is up. |
| ChartMill Relative Strength | 92.13 | POSITIVE | ARKK has a high relative strength, it outperformed 92.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARKK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARKK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARKK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.74 | OVERBOUGHT | The high RSI value suggests ARKK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests ARKK has a positive trend. |
| Stochastics (14,3) | 82.82 | OVERBOUGHT | The high Stochastics value suggests ARKK may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.05 | NEUTRAL | The ADX value for ARKK 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)
64.93
+2.74 (+4.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.41%
1 Week4.04%
2 Weeks13.65%
1 Month11.24%
3 Month26.08%
6 Month9.31%
12 Month49.88%
2 Year47.1%
3 Year62.81%
5 Year-8.95%
10 Year204.12%
15 YearN/A
Volatility
ATR(14)1.98
ATR(20)%2.91%
ATR Inc42.08%
Range Today1.58
ADR(20)1.61
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.13
Mansfield1.84
10 Day High65.29
10 Day Low55.64
20 Day High65.29
20 Day Low55.02
52 Week High68.43
52 Week Low36.85
CS1 End59.13
CR1 StartN/A
Volume & EV
DER(3)0.24%
DER(5)-0.11%
Volume11.99M
Volume Incr-10.87%
Vol(5)10.67M
Vol(50)11.63M