Taking everything into account, ARKK scores 3 out of 10 in our technical rating. In the last year, ARKK was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is bad, ARKK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 81.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.22, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
41.58
4 important support areas can be observed.
- A support zone ranging from 79.66 to 80.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.63 to 78.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 71.16 to 73.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.00 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 81.31 to 81.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @83.16 from a horizontal line in the daily 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 ARKK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARKK is neutral. |
| ChartMill Relative Strength | 74.49 | POSITIVE | ARKK has a high relative strength, it outperformed 74.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARKK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ARKK is above a declining 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) | 50.59 | NEUTRAL | The RSI value for ARKK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests ARKK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69 | NEUTRAL | The Stochastics value for ARKK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.19 | NEGATIVE | The low ADX value for ARKK suggests a weak or negative trend. |
80.29
-0.26 (-0.32%)
ARK INNOVATION ETF / ARKK FAQ
What is the ChartMill technical rating of ARK INNOVATION ETF (ARKK) stock?
ChartMill assigns a technical rating of 3 / 10 to ARKK.
What is the trend direction for ARKK stock?
The current trend direction for ARK INNOVATION ETF (ARKK) is Bullish.
What is the RSI signal for ARKK stock?
ARK INNOVATION ETF (ARKK) has an RSI value of 50.5903. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ARK INNOVATION ETF?
The short term momentum for ARK INNOVATION ETF (ARKK) is neutral.
What are the support and resistance levels for ARK INNOVATION ETF (ARKK) stock?
ARK INNOVATION ETF (ARKK) has a support level at 80.22 and a resistance level at 81.31. Check the full technical report for our detailed analysis of ARKK support and resistance levels.