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Ark Investment Management bought $25 million of shares in Robinhood Markets .
Ark Investment Management purchased $25 million of shares in trading platform Robinhood Markets . The purchase amounts to 572,717 shares valued at about $15.5 million via the ARK Innovation ETF, and 342,346 Robinhood shares worth $9.3 million through the Ark Fintech Innovation ETF.
Prior to the latest purchase, ARKK and ARKF owned 13.2 million shares of Robinhood worth $356.74 million.
ARKK in downward trend: 10-day moving average moved below 50-day moving average on April 08, 2022
The 10-day Moving Average for ARKK crossed bearishly below the 50-day moving average on April 08, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Current price $41.06 is below $53.18 the lowest support line found by A.I. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -33% Downtrend. During the week of 05/09/22 - 05/16/22, the ETF fell -0.17%.
The Moving Average Convergence Divergence Histogram (MACD) for ARKK turned negative on April 08, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In 38 of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at 86%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARKK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 86%.
The Aroon Indicator for ARKK entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ARKK's RSI Indicator exited the oversold zone, 27 of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 87%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 45 of 50 cases where ARKK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
Following a +18.06% 3-day Advance, the price is estimated to grow further. Considering data from situations where ARKK advanced for three days, in 355 of 382 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
ARKK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 1.00% within the next month with a likelihood of 79%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.9.
The investment seeks long-term growth of capital. The fund is an actively-managed exchange-traded fund ("ETF") that will invest under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the fund's investment theme of disruptive innovation. Its investments in foreign equity securities will be in both developed and emerging markets. It may invest in foreign securities (including investments in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs")) and securities listed on local foreign exchanges. The fund is non-diversified.
The average market capitalization across the ARK Innovation ETF ETF is 34.7B. The market cap for tickers in the group ranges from 163.5M to 797.3B. TSLA holds the highest valuation in this group at 797.3B. The lowest valued company is CGEN at 163.5M.
The average weekly price growth across all stocks in the ARK Innovation ETF ETF was 30.8%. For the same ETF, the average monthly price growth was 4.35%, and the average quarterly price growth was 11.73%. RBLX experienced the highest price growth at 18.55%, while COIN experienced the biggest fall at -34.58%.
The average weekly volume growth across all stocks in the ARK Innovation ETF ETF was 29.66%. For the same stocks of the ETF, the average monthly volume growth was 136.78% and the average quarterly volume growth was 123.38%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
ARKF in downward trend: 10-day moving average broke below 50-day moving average on April 11, 2022
The 10-day Moving Average for ARKF crossed bearishly below the 50-day moving average on April 11, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 7 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 86%.
Current price $17.44 crossed the support line at $17.71 and is trading between $17.71 support and $9.80 resistance lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -34% Downtrend. During the week of 05/09/22 - 05/16/22, the ETF fell -1%.
The Moving Average Convergence Divergence Histogram (MACD) for ARKF turned negative on April 07, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 28 similar instances when the indicator turned negative. In 20 of the 28 cases the stock turned lower in the days that followed. This puts the odds of success at 71%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARKF declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
The Aroon Indicator for ARKF entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ARKF's RSI Indicator exited the oversold zone, 22 of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 27 of 31 cases where ARKF's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 87%.
Following a +18.35% 3-day Advance, the price is estimated to grow further. Considering data from situations where ARKF advanced for three days, in 220 of 238 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
ARKF may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 1.00% within the next month with a likelihood of 68%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.67.
The investment seeks long-term growth of capital. The fund is an actively-managed ETF that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the fund's investment theme of financial technology ("Fintech") innovation. A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation. The fund is non-diversified.
The average market capitalization across the ARK Fintech Innovation ETF ETF is 165.1B. The market cap for tickers in the group ranges from 373.8M to 105.1B. INTU holds the highest valuation in this group at 105.1B. The lowest valued company is TCS at 373.8M.
The average weekly price growth across all stocks in the ARK Fintech Innovation ETF ETF was 18.25%. For the same ETF, the average monthly price growth was 0.26%, and the average quarterly price growth was -4.78%. SHOP experienced the highest price growth at 6.62%, while COIN experienced the biggest fall at -34.58%.
The average weekly volume growth across all stocks in the ARK Fintech Innovation ETF ETF was 8.09%. For the same stocks of the ETF, the average monthly volume growth was 85.25% and the average quarterly volume growth was 95.82%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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