ARK WEB X.0 ETF Forecast
ARK WEB X.0 ETF downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The ARK WEB X.0 ETF price fell by -0.0134% on the last day (Thursday, 18th Apr 2024) from $74.41 to $74.40. It has now fallen 5 days in a row. During the last trading day the ETF fluctuated 2.56% from a day low at $73.81 to a day high of $75.70. The price has fallen in 7 of the last 10 days and is down by -6.52% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -5 thousand shares and in total, 271 thousand shares were bought and sold for approximately $20.18 million.
Given the current short-term trend, the ETF is expected to rise 14.31% during the next 3 months and, with a 90% probability hold a price between $85.04 and $99.06 at the end of this 3-month period.
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ARKW Signals & Forecast
There are few to no technical positive signals at the moment. The ARK WEB X.0 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 $77.34 and $80.56. 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 -11.10%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ARK WEB X.0 ETF
ARK WEB X.0 finds support from accumulated volume at $71.74 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 $1.89 between high and low, or 2.56%. For the last week, the ETF has had daily average volatility of 3.21%.
ARK WEB X.0 is oversold on RSI14 (23). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARKW) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect ARK WEB X.0 ETF to open at $74.64, and during the day (based on 14 day Average True Range), to move between $72.21 and $76.59, which gives a possible trading interval of +/-$2.19 (+/-2.94%) up or down from last closing price. If ARK WEB X.0 ETF takes out the full calculated possible swing range there will be an estimated 5.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $71.74 (3.58%) than the resistance at $78.23 (5.15%), 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 WEB X.0 ETF ETF A Buy?
The ARK WEB X.0 ETF holds several negative signals and despite the positive trend, we believe ARK WEB X.0 will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.473 Sell Candidate Downgraded
Predicted Opening Price for ARK WEB X.0 ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $74.64 ( 0.318%) | $74.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARKW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.53 | 2.86 % | |
| R2 | 75.80 | 1.89 % | ||
| R1 | 75.36 | 1.29 % | ||
| Current price: | 74.40 | |||
| Support | S1 | 73.91 | -0.652 % | |
| S2 | 73.47 | -1.25 % | ||
| S3 | 72.75 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.95 | 11.49 % | |
| R2 | 80.61 | 8.35 % | ||
| R1 | 78.23 | 5.15 % | ||
| Current price | 74.40 | |||
| Support | S1 | 71.74 | -3.58% | |
| S2 | 71.07 | -4.48% | ||
| S3 | 69.96 | -5.97% |
ARKW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $3.31 | 2.79% |
| 2 | Dec 28, 2020 | Dec 29, 2020 | Dec 31, 2020 | $1.89 | 1.29% |
| 3 | Dec 27, 2018 | Dec 27, 2018 | Dec 31, 2018 | $5.54 | 13.06% |
| 4 | Dec 26, 2017 | Dec 27, 2017 | Dec 29, 2017 | $0.94 | 2.05% |
| 5 | Dec 24, 2015 | Dec 24, 2015 | Dec 24, 2015 | $0.530 | 2.28% |
FAQ
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