ARK ETF Forecast
ARK ETF price up 1.52% on Wednesday
(Updated on Jul 03, 2024)
The ARK ETF price gained 1.52% on the last trading day (Wednesday, 3rd Jul 2024), rising from $44.82 to $45.50. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 2.18% from a day low at $44.96 to a day high of $45.94. The price has risen in 6 of the last 10 days and is up by 4.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 980 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $333.25 million.
The ETFhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $45.23, a level that may pose a second chance to hit a runner. According to fan-theory $50.08 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ARKK Signals & Forecast
Mostly positive signals in the chart today. The ARK ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $44.23 and $44.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 7.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for ARK ETF
ARK finds support from accumulated volume at $44.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.98 between high and low, or 2.18%. For the last week the ETF has had daily average volatility of 1.78%.
Our recommended stop-loss: $43.72 (-3.92%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (ARKK) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect ARK INNOVATION ETF to open at $45.47, and during the day (based on 14 day Average True Range), to move between $44.55 and $46.45, which gives a possible trading interval of +/-$0.95 (+/-2.10%) up or down from last closing price. If ARK INNOVATION ETF takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.38 (2.46%) than the resistance at $47.11 (3.54%), 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 INNOVATION ETF ETF A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 1.415 Buy Candidate Unchanged
Predicted Opening Price for ARK INNOVATION ETF of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $45.47 ( 0.0733%) | $45.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARKK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.45 | 2.08% |
| R2 | 46.07 | 1.26% |
| R1 | 45.84 | 0.750% |
| Price | 45.50 | |
| S1 | 45.09 | -0.90% |
| S2 | 44.86 | -1.40% |
| S3 | 44.49 | -2.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.49 | 4.37% |
| R2 | 47.29 | 3.92% |
| R1 | 47.11 | 3.54% |
| Price | 45.50 | |
| S1 | 44.38 | -2.46% |
| S2 | 43.61 | -4.15% |
| S3 | 42.92 | -5.67% |
ARKK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2023 | Sep 08, 2023 | Sep 08, 2023 | $0.364 | 0.83% |
| 2 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.783 | 0.83% |
| 3 | Dec 28, 2020 | Dec 29, 2020 | Dec 31, 2020 | $2.04 | 1.64% |
| 4 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.191 | 0.382% |
| 5 | Dec 27, 2018 | Dec 27, 2018 | Dec 31, 2018 | $1.17 | 3.14% |
FAQ
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