ARK INNOVATION ETF (ARKK) Stock Technical Analysis
NYSEARCA:ARKK - NYSE Arca - US00214Q1040 - ETF - Currency: USD
Overall ARKK gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARKK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
ARKK is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ARKK has a been trading in the 60.54 - 73.61 range, which is quite wide. It is currently trading near the high of this range.
ARKK has an average volume of 11024700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ARKK did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although ARKK has an excellent technical rating, the quality of the presented setup is not ideal 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
41.58
73.01
4 important support areas can be observed.
- A support zone ranging from 68.88 to 68.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @65.87 from a trend line in the daily time frame.
- Support @43.40 from a trend line in the weekly time frame.
- Support @42.00 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 ARKK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARKK is up. |
| ChartMill Relative Strength | 92.97 | POSITIVE | ARKK has a high relative strength, it outperformed 92.97% 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) | 67.42 | NEUTRAL | The RSI value for ARKK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ARKK has a negative trend. |
| Stochastics (14,3) | 93.54 | OVERBOUGHT | The high Stochastics value suggests ARKK may be overbought. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKK suggests some volalility. |
| Average Directional Index/ADX (14) | 30.47 | POSITIVE | The high ADX value value for ARKK suggests a strong 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)
72.29
-1.27 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.73%
1 Week1.69%
2 Weeks1.77%
1 Month13.79%
3 Month57.53%
6 Month25.79%
12 Month54.5%
2 Year43.29%
3 Year60.18%
5 Year-10.05%
10 Year236.23%
15 YearN/A
Volatility
ATR(14)1.73
ATR(20)%2.65%
ATR Inc-19.31%
Range Today1.62
ADR(20)1.74
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.97
Mansfield2.48
10 Day High73.61
10 Day Low68.19
20 Day High73.61
20 Day Low60.54
52 Week High73.61
52 Week Low36.85
CS1 End68.94
CR1 StartN/A
Volume & EV
DER(3)0.57%
DER(5)-0.47%
Volume8.97M
Volume Incr-30.84%
Vol(5)8.98M
Vol(50)11.02M