| ARKK latest price $41.9600 (2.32%) ($40.9200 - $42.1100) on Wed. Aug. 23, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.21% (three month average) |
RSI | 22 |
Latest Price | $41.9600(2.32%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | ARKK advances 0.4% a day on average for past five trading days. |
Weekly Trend | ARKK declines -4.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ARKK advance at 0% a week (0% probability) ARKG(88%) IBUY(88%) IPO(87%) IWO(84%) IWM(82%) |
Factors Impacting ARKK price | ARKK will decline at least -1.105% in a week (0% probabilities). VXX(-53%) VIXM(-48%) TBT(-40%) UUP(-32%) EDOC(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.105% (StdDev 2.21%) |
Hourly BBV | 1.7 () |
Intraday Trend | 2.3% |
| |
|
|