Ark Space Exploration & Innovation Etf ETF Forecast

Ark Space Exploration & Innovation Etf ETF price ended at $14.86 on Thursday, after losing 1.59%.
(Updated on Jun 20, 2024)

ARKX Signals & Forecast

There are few to no technical positive signals at the moment. The Ark Space Exploration & Innovation Etf 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 $14.99 and $15.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -5.17%. 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). Ark Space Exploration & Innovation Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Ark Space Exploration & Innovation Etf ETF

Ark Space Exploration & Innovation Etf finds support from accumulated volume at $14.83 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 $0.200 between high and low, or 1.35%. For the last week the ETF has had daily average volatility of 1.39%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ARKX) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Ark Space Exploration & Innovation Etf to open at $14.92, and during the day (based on 14 day Average True Range), to move between $14.64 and $15.08, which gives a possible trading interval of +/-$0.220 (+/-1.48%) up or down from last closing price. If Ark Space Exploration & Innovation Etf takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.83 (0.20%) than the resistance at $15.09 (1.55%), 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 Space Exploration & Innovation Etf ETF A Buy?

The Ark Space Exploration & Innovation Etf ETF holds several negative signals and despite the positive trend, we believe Ark Space Exploration & Innovation Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -4.616 Sell Candidate Unchanged

Predicted Opening Price for Ark Space Exploration & Innovation Etf of Friday, June 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.