| ARKK latest price $146.6700 (0.4%) ($142.9300 - $149.8500) on Mon. Jan. 25, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Trend Pattern | Growing Uptrend |
Trend Narrative | Uptrend |
Average Daily Price Swing | $8.48 (6.17% one month average) |
Average Daily Percentage Swing | 2.41% (three month average) |
Weekly Trend Force | 0.4% (StdDev 2.41%) |
Daily Moving Force | 0.3% |
Correction Force | Weak (0%) |
Trend | 0.86% |
Trend Strength | 4.8% |
Latest Price | $146.6700(0.4%) |
Forecasted Low Price | 145.79(-0.6%) |
Forecasted High Price | 148.58(1.3%) |
Direction of Next Movement | Range(0.8%) |
% Change Needed to Confirm Correction | 1.5% (144.47) |
% Change Needed for Trend Reversal | 3% |
Hourly Trend | 0.2% [$146.03(0.22), $146.69(0.38)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 8 |
Intraday Reversal Probability | N/A. |
Daily Trend | ARKK advances 0.7% a day on average for past five trading days. |
Weekly Trend | ARKK advances 4.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ARKK advance at 0.3% a week (86% probability) ARKG(90%) IPO(82%) SKYY(81%) IBUY(73%) XBI(71%) |
Factors Impacting ARKK price | ARKK will decline at least -0.2% in a week (32% probabilities). VXX(-42%) VIXM(-32%) ROBT(-30%) CNCR(-26%) UUP(-23%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
Trading Plan | Not Available |
| |
Valuation to SPY | 1 |
| |
Relative Volatility | 1.6 (options are expensive) |
| |
Market Trend Strength | 0.5% (StdDev 2.41%) |
Hourly BBV | 0.8 () |
Intraday Trend | -1.2% |
| |
|
|