ARK NEXT GENERATION INTERNET (ARKW) Stock Technical Analysis
USA - NYSEARCA:ARKW - US00214Q4010 - ETF
Taking everything into account, ARKW scores 6 out of 10 in our technical rating. In the last year, ARKW was one of the better performers, but we do observe some doubts in the very recent evolution.
ARKW has an average technical rating and it also does not offer a high 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
95.04
2 important support areas can be observed.
- A support zone ranging from 161.68 to 162.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @96.00 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 169.90 to 172.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @176.91 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 182.20 to 182.21. This zone is formed by a combination of multiple trend lines 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 ARKW is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARKW is down. |
| ChartMill Relative Strength | 89.67 | POSITIVE | ARKW has a high relative strength, it outperformed 89.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARKW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ARKW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARKW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.21 | NEUTRAL | The RSI value for ARKW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.83 | NEGATIVE | The MACD value suggests ARKW has a negative trend. |
| Stochastics (14,3) | 16.47 | OVERSOLD | The low Stochastics value suggests ARKW may be oversold. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKW suggests some volalility. |
| Average Directional Index/ADX (14) | 21 | NEUTRAL | The ADX value for ARKW suggests a possible start of a new trend. |
162.48
+0.79 (+0.49%)
ARK NEXT GENERATION INTERNET / ARKW FAQ
What is the technical rating for ARKW stock?
ChartMill assigns a technical rating of 6 / 10 to ARKW.
What is the trend direction for ARKW stock?
The current trend direction for ARK NEXT GENERATION INTERNET (ARKW) is Bullish.
What is the RSI signal for ARK NEXT GENERATION INTERNET (ARKW) stock?
ARK NEXT GENERATION INTERNET (ARKW) has an RSI value of 40.206. This indicates that the stock is currently neutral.
What is the short term momentum for ARK NEXT GENERATION INTERNET (ARKW) stock?
The short term momentum for ARK NEXT GENERATION INTERNET (ARKW) is negative.
Can you provide the buy/sell signal for ARK NEXT GENERATION INTERNET?
The buy/sell signal for ARK NEXT GENERATION INTERNET (ARKW) is hold as the short term and long term trends are mixed.