ARK AUTONOMOUS TECH & ROBOT (ARKQ) Stock Technical Analysis
NYSEARCA:ARKQ - NYSE Arca - US00214Q2030 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to ARKQ. Both in the recent history as in the last year, ARKQ 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 ARKQ is one of the better performing stocks in the market, outperforming 93% of all stocks.
A new 52 week high is currently being made by ARKQ, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month ARKQ has a been trading in the 82.87 - 100.56 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ARKQ has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
57.65
100.96
5 important support areas can be observed.
- Support @91.40 from a trend line in the daily time frame.
- Support @86.20 from a horizontal line in the daily time frame.
- Support @81.17 from a horizontal line in the daily time frame.
- Support @62.60 from a trend line in the weekly time frame.
- Support @58.23 from a trend 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 ARKQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARKQ is up. |
| ChartMill Relative Strength | 93.7 | POSITIVE | ARKQ has a high relative strength, it outperformed 93.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARKQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARKQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARKQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.97 | OVERBOUGHT | The high RSI value suggests ARKQ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.88 | POSITIVE | The MACD value suggests ARKQ has a positive trend. |
| Stochastics (14,3) | 98.1 | OVERBOUGHT | The high Stochastics value suggests ARKQ may be overbought. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for ARKQ suggests low volalility. |
| Average Directional Index/ADX (14) | 32.94 | POSITIVE | The high ADX value value for ARKQ 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)
99.96
+0.2 (+0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.2%
1 Week8.82%
2 Weeks12.61%
1 Month19.78%
3 Month54.52%
6 Month23.38%
12 Month74.45%
2 Year69.83%
3 Year78.31%
5 Year89.39%
10 Year412.62%
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%1.85%
ATR Inc22.83%
Range Today1.27
ADR(20)1.69
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.7
Mansfield2.94
10 Day High100.57
10 Day Low87.15
20 Day High100.57
20 Day Low82.87
52 Week High100.57
52 Week Low48.25
CS1 End91.4
CR1 StartN/A
Volume & EV
DER(3)3.83%
DER(5)2.71%
Volume224.70K
Volume Incr85.89%
Vol(5)263.04K
Vol(50)185.71K