ARK INNOVATION ETF (ARKK) Stock Technical Analysis
NYSEARCA:ARKK - US00214Q1040 - ETF
75.02 USD
+0.23 (+0.31%)
75.1287 USD
+0.11 (+0.14%)
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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ARKK did better than 91% of all other 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 71.28 - 78.76 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ARKK has an average volume of 11245100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, ARKK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 77.63. Right above this resistance zone may be a good entry point.
More info and screens
41.58
78.69
We found 4 important support areas.
- A support zone ranging from 73.48 to 74.28. 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 71.16 to 71.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.24 from a trend line in the weekly time frame.
- Support @42.00 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 77.63 to 77.91. 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 | NEUTRAL | NEUTRAL | The short term trend for ARKK is neutral. |
| ChartMill Relative Strength | 91.7 | POSITIVE | ARKK has a high relative strength, it outperformed 91.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARKK is below 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) | 50.85 | NEUTRAL | The RSI value for ARKK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests ARKK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.16 | NEUTRAL | The Stochastics value for ARKK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKK suggests some volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for ARKK 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 |
|---|---|---|---|
| 75.28 | 73.47 | 1.81 (2.41%) | 25.00% |
| An entry @75.28. This is a Buy Stop order right above the 10 day moving average. | An exit @73.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.81 points, which is 2.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- The distance between exit and entry is rather small compared to the average daily movement of ARKK. Please evaluate whether better entry and exit points can be found.
- 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.
75.02
+0.23 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.31%
1 Week-0.66%
2 Weeks1.68%
1 Month1.16%
3 Month22.72%
6 Month43.03%
12 Month80.38%
2 Year89.11%
3 Year98.83%
5 Year-18.46%
10 Year301.39%
15 YearN/A
Volatility
ATR(14)1.8
ATR(20)%2.37%
ATR Inc-28.73%
Range Today1.33
ADR(20)1.71
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.7
Mansfield1.7
10 Day High77.33
10 Day Low72.43
20 Day High78.76
20 Day Low71.28
52 Week High79.19
52 Week Low38.57
CS1 End74.28
CR1 Start77.63
Volume & EV
DER(3)1.51%
DER(5)-1.14%
Volume6.57M
Volume Incr-39.35%
Vol(5)8.03M
Vol(50)11.25M