ARK INDUSTRIAL INNOVATION ETF Forecast
ARK INDUSTRIAL INNOVATION ETF price up 0.622% on Monday
(Updated on Apr 22, 2024)
The ARK INDUSTRIAL INNOVATION ETF price gained 0.622% on the last trading day (Monday, 22nd Apr 2024), rising from $49.86 to $50.17. During the last trading day the ETF fluctuated 1.91% from a day low at $49.44 to a day high of $50.39. The price has fallen in 7 of the last 10 days and is down by -6.89% for this period. Volume fell on the last day by -13 thousand shares and in total, 61 thousand shares were bought and sold for approximately $3.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $49.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -3.31% during the next 3 months and, with a 90% probability hold a price between $48.18 and $52.87 at the end of this 3-month period.
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ARKQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.622%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ARK INDUSTRIAL 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 $50.78 and $53.42. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ARK INDUSTRIAL INNOVATION ETF
ARK INDUSTRIAL INNOVATION finds support from accumulated volume at $49.86 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 $0.95 between high and low, or 1.91%. For the last week, the ETF has had daily average volatility of 1.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARKQ) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect ARK INDUSTRIAL INNOVATION ETF to open at $50.00, and during the day (based on 14 day Average True Range), to move between $49.16 and $51.18, which gives a possible trading interval of +/-$1.01 (+/-2.00%) up or down from last closing price. If ARK INDUSTRIAL INNOVATION ETF takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.86 (0.62%) than the resistance at $52.93 (5.50%), 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 INDUSTRIAL INNOVATION ETF ETF A Buy?
ARK INDUSTRIAL INNOVATION holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.764 Sell Candidate Unchanged
Predicted Opening Price for ARK INDUSTRIAL INNOVATION ETF of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $50.00 ( 0.341%) | $50.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARKQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.95 | 1.55 % | |
| R2 | 50.58 | 0.82 % | ||
| R1 | 50.36 | 0.379 % | ||
| Current price: | 50.17 | |||
| Support | S1 | 49.64 | -1.06 % | |
| S2 | 49.41 | -1.51 % | ||
| S3 | 49.05 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.55 | 6.74 % | |
| R2 | 53.06 | 5.76 % | ||
| R1 | 52.93 | 5.50 % | ||
| Current price | 50.17 | |||
| Support | S1 | 49.86 | -0.618% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ARKQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | $0.614 | 0.799% |
| 2 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | $0.656 | 0.88% |
| 3 | Dec 26, 2018 | Dec 27, 2018 | Dec 31, 2018 | $0.84 | 2.86% |
| 4 | Dec 26, 2017 | Dec 27, 2017 | Dec 29, 2017 | $0.507 | 1.54% |
| 5 | Dec 23, 2014 | Dec 24, 2015 | Dec 31, 2014 | $0.187 | 0.94% |
FAQ
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