ARK NEXT GENERATION INTERNET (ARKW) Stock Technical Analysis
NYSEARCA:ARKW - US00214Q4010 - ETF
156.66 USD
-2.76 (-1.73%)
156 USD
-0.66 (-0.42%)
Overall ARKW gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ARKW has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ARKW did better than 94% of all other stocks. On top of that, ARKW also shows a nice and consistent pattern of rising prices.
ARKW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ARKW has a been trading in the 149.11 - 164.72 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.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ARKW 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 157.10. Right above this resistance zone may be a good entry point.
More info and screens
94.33
163.97
We found 2 important support areas.
- Support @150.16 from a horizontal line in the daily time frame.
- Support @95.28 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 157.10 to 162.35. This zone is formed by a combination of multiple trend lines and important moving averages 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 ARKW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARKW is up. |
| ChartMill Relative Strength | 94.07 | POSITIVE | ARKW has a high relative strength, it outperformed 94.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARKW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARKW is above 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) | 51.31 | NEUTRAL | The RSI value for ARKW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests ARKW has a negative trend. |
| Stochastics (14,3) | 55.5 | NEUTRAL | The Stochastics value for ARKW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKW suggests some volalility. |
| Average Directional Index/ADX (14) | 15.87 | NEGATIVE | The low ADX value for ARKW 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 |
|---|---|---|---|
| 162.36 | 150.15 | 12.21 (7.52%) | 13.30% |
| An entry @162.36. This is a Buy Stop order right above the resistance zone. | An exit @150.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 12.21 points, which is 7.52%. | For a 1.00% total portfolio risk, you can invest 13.30% of your capital in this trade. |
- 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.
156.66
-2.76 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.73%
1 Week-1.04%
2 Weeks-1.9%
1 Month4.32%
3 Month29.78%
6 Month46.33%
12 Month97.83%
2 Year168.3%
3 Year204.43%
5 Year39.29%
10 Year614.69%
15 YearN/A
Volatility
ATR(14)3.3
ATR(20)%2.21%
ATR Inc-9.2%
Range Today2.99
ADR(20)3.25
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.07
Mansfield2.57
10 Day High160.25
10 Day Low149.11
20 Day High164.72
20 Day Low149.11
52 Week High164.72
52 Week Low73.87
CS1 End150.16
CR1 Start157.1
Volume & EV
DER(3)2.46%
DER(5)1.34%
Volume160.80K
Volume Incr-54.47%
Vol(5)224.92K
Vol(50)354.65K