ARK SPACE EXPLORATION & INNO (ARKX) Stock Technical Analysis
USA - NYSEARCA:ARKX - US00214Q8078 - ETF
Taking everything into account, ARKX scores 5 out of 10 in our technical rating. ARKX was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ARKX 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.
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17.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 27.10 to 27.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.19 to 29.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @31.93 from a horizontal line 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 ARKX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARKX is down. |
| ChartMill Relative Strength | 88.19 | POSITIVE | ARKX has a high relative strength, it outperformed 88.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARKX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ARKX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARKX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.83 | NEUTRAL | The RSI value for ARKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests ARKX has a negative trend. |
| Stochastics (14,3) | 8.98 | OVERSOLD | The low Stochastics value suggests ARKX may be oversold. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.74 | NEUTRAL | The ADX value for ARKX suggests a possible start of a new trend. |
27.11
-0.53 (-1.9%)
ARK SPACE EXPLORATION & INNO / ARKX FAQ
What is the ChartMill technical rating of ARK SPACE EXPLORATION & INNO (ARKX) stock?
ChartMill assigns a technical rating of 5 / 10 to ARKX.
Can you provide the trend direction for ARK SPACE EXPLORATION & INNO?
The current trend direction for ARK SPACE EXPLORATION & INNO (ARKX) is Bullish.
What is the RSI signal for ARKX stock?
ARK SPACE EXPLORATION & INNO (ARKX) has an RSI value of 33.8345. This indicates that the stock is currently neutral.
What is the MACD signal for ARKX stock?
The MACD indicator for ARK SPACE EXPLORATION & INNO (ARKX) has a value of -0.411893, indicating a bearish trend.
What is the buy/sell signal for ARKX stock?
The buy/sell signal for ARK SPACE EXPLORATION & INNO (ARKX) is hold as the short term and long term trends are mixed.