ARK INNOVATION ETF (ARKK) Technical Analysis
NYSEARCA:ARKK • US00214Q1040
Current stock price
ARKK Technical Rating and Analysis
Taking everything into account, ARKK scores 1 out of 10 in our technical rating. ARKK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- ARKK has an average volume of 10716900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ARKK is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- ARKK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARKK is lagging the market slightly.
- In the last month ARKK has a been trading in the 62.95 - 74.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARKK Weekly and Daily overview Charts
ARKK Setup Rating and Analysis
The technical rating of ARKK is bad and it also does not present a 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
ARKK Support and Resistance Analysis
40.80
We found 3 important support areas.
- Support @64.63 from a horizontal line in the weekly time frame.
- Support @42.45 from a horizontal line in the weekly time frame.
- Support @41.21 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 69.82 to 70.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 71.95 to 72.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.67 to 75.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @77.63 from a horizontal line in the daily time frame.
ARKK Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ARKK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARKK is down. |
| ChartMill Relative Strength | 79.93 | POSITIVE | ARKK has a high relative strength, it outperformed 79.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARKK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARKK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ARKK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.05 | NEUTRAL | The RSI value for ARKK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ARKK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.61 | NEUTRAL | The Stochastics value for ARKK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKK suggests some volalility. |
| Average Directional Index/ADX (14) | 27.74 | POSITIVE | The high ADX value value for ARKK suggests a strong trend. |
ARKK Chart- and CandleStick Pattern Analysis
ARKK Technicals: Chart, Performance Metrics, Trend & Indicators
68.56
+0.16 (+0.23%)
ARK INNOVATION ETF / ARKK TA FAQ
What is the ChartMill technical rating of ARK INNOVATION ETF (ARKK) stock?
ChartMill assigns a technical rating of 1 / 10 to ARKK.
What is the trend direction for ARKK stock?
The current trend direction for ARK INNOVATION ETF (ARKK) is Bearish.
What is the RSI signal for ARK INNOVATION ETF (ARKK) stock?
ARK INNOVATION ETF (ARKK) has an RSI value of 46.0455. This indicates that the stock is currently neutral.
What is the MACD signal for ARKK stock?
The MACD indicator for ARK INNOVATION ETF (ARKK) has a value of -0.137905, indicating a bearish trend.
What is the buy/sell signal for ARK INNOVATION ETF (ARKK) stock?
The buy/sell signal for ARK INNOVATION ETF (ARKK) is sell as both the short term and long term trends are negative.