ARK Fintech Innovation ETF Forecast
ARK Fintech Innovation ETF price ended at $26.68 on Friday, after losing 1.73%.
(Updated on Apr 19, 2024)
The ARK Fintech Innovation ETF price fell by -1.73% on the last day (Friday, 19th Apr 2024) from $27.15 to $26.68. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 3.21% from a day low at $26.52 to a day high of $27.37. The price has fallen in 7 of the last 10 days and is down by -8.79% for this period. Volume has increased on the last day by 102 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 601 thousand shares were bought and sold for approximately $16.03 million.
Given the current short-term trend, the ETF is expected to rise 12.54% during the next 3 months and, with a 90% probability hold a price between $30.02 and $35.48 at the end of this 3-month period.
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ARKF Signals & Forecast
There are few to no technical positive signals at the moment. The ARK Fintech Innovation ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.73 and $29.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -12.55%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for ARK Fintech Innovation ETF
ARK Fintech Innovation finds support from accumulated volume at $26.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.85 between high and low, or 3.21%. For the last week, the ETF has had daily average volatility of 3.18%.
ARK Fintech Innovation is oversold on RSI14 (20). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $25.59 (-4.10%) (This ETF has medium daily movements and this gives medium risk. Low RSI14 is 20 which reduces the risk some. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (ARKF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect ARK Fintech Innovation ETF to open at $26.86, and during the day (based on 14 day Average True Range), to move between $25.91 and $27.45, which gives a possible trading interval of +/-$0.767 (+/-2.87%) up or down from last closing price. If ARK Fintech Innovation ETF takes out the full calculated possible swing range there will be an estimated 5.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.39 (1.09%) than the resistance at $28.08 (5.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ARK Fintech Innovation ETF ETF A Buy?
ARK Fintech Innovation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.660 Hold/Accumulate Unchanged
Predicted Opening Price for ARK Fintech Innovation ETF of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$26.86 ( 0.662%) | $26.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARKF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.71 | 3.85 % | |
R2 | 27.38 | 2.63 % | ||
R1 | 27.18 | 1.88 % | ||
Current price: | 26.68 | |||
Support | S1 | 26.53 | -0.555 % | |
S2 | 26.33 | -1.31 % | ||
S3 | 26.01 | -2.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.24 | 13.34 % | |
R2 | 28.52 | 6.90 % | ||
R1 | 28.08 | 5.25 % | ||
Current price | 26.68 | |||
Support | S1 | 26.39 | -1.09% | |
S2 | 25.70 | -3.67% | ||
S3 | 25.54 | -4.27% |
ARKF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2020 | Dec 29, 2020 | Dec 31, 2020 | $0.185 | 0.372% |
2 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | $0.301 | 1.24% |
FAQ
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