ARK SPACE EXPLORATION & INNO (ARKX) Stock Technical Analysis
NYSEARCA:ARKX - US00214Q8078 - ETF
26.56 USD
+0.17 (+0.64%)
26.66 USD
+0.1 (+0.38%)
Overall ARKX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARKX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ARKX is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by ARKX over the past year are nicely spread over this period.
ARKX 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 ARKX has a been trading in the 24.77 - 27.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARKX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 27.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.31, a Stop Loss order could be placed below this zone.
More info and screens
16.45
27.71
We found 3 important support areas.
- A support zone ranging from 26.08 to 26.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.46 to 25.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.62 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.40 to 27.44. This zone is formed by a combination of multiple trend lines 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 ARKX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARKX is up. |
| ChartMill Relative Strength | 91.92 | POSITIVE | ARKX has a high relative strength, it outperformed 91.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARKX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARKX is above 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) | 56.47 | NEUTRAL | The RSI value for ARKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ARKX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.36 | NEUTRAL | The Stochastics value for ARKX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for ARKX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.08 | NEGATIVE | The low ADX value for ARKX 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 |
|---|---|---|---|
| 27.45 | 26.07 | 1.38 (5.03%) | 19.89% |
| An entry @27.45. This is a Buy Stop order right above the resistance zone. | An exit @26.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.38 points, which is 5.03%. | For a 1.00% total portfolio risk, you can invest 19.89% 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.
26.56
+0.17 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.64%
1 Week3.95%
2 Weeks-0.67%
1 Month1.72%
3 Month27.26%
6 Month38.62%
12 Month73.26%
2 Year81.92%
3 Year87.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%2.29%
ATR Inc-56.75%
Range Today0.26
ADR(20)0.56
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.92
Mansfield2.02
10 Day High26.87
10 Day Low24.77
20 Day High27.3
20 Day Low24.77
52 Week High27.64
52 Week Low14.43
CS1 End26.31
CR1 Start27.4
Volume & EV
DER(3)-4.52%
DER(5)-3.61%
Volume192.60K
Volume Incr-36.66%
Vol(5)230.05K
Vol(50)331.27K