ARKC ARK 21Shares Active On-Chn Bit Str ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for ARKC turns positive, indicating new upward trend
ARKC saw its Momentum Indicator move above the 0 level on December 10, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 18 similar instances where the indicator turned positive. In of the 18 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ARKC advanced for three days, in of 55 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 47 cases where ARKC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for ARKC turned negative on December 02, 2024. 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 6 similar instances when the indicator turned negative. In of the 6 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARKC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ARKC broke above its upper Bollinger Band on December 16, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
General Information
Category Digitalccurrency
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| SCHJ | 24.47 | 0.01 | +0.04% |
| Schwab 1-5 Year Corporate Bond ETF | |||
| OCTT | 38.82 | -0.05 | -0.13% |
| AllianzIM US Large Cap Buffer10 Oct ETF | |||
| AIQ | 40.50 | -0.07 | -0.17% |
| Global X Artfcl Intlgc & Tech ETF | |||
| HOMZ | 47.72 | -0.47 | -0.98% |
| The Hoya Capital Housing ETF | |||
| GAST | 28.13 | -0.63 | -2.20% |
| Gabelli Automation ETF | |||
ARKC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ARKC has been closely correlated with GBTC. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if ARKC jumps, then GBTC could also see price increases.
| Ticker / NAME | Correlation To ARKC | 1D Price Change % | ||
|---|---|---|---|---|
| ARKC | 100% | +0.65% | ||
| GBTC - ARKC | 96% Closely correlated | +0.82% | ||
| IBIT - ARKC | 91% Closely correlated | +0.85% | ||
| ETHE - ARKC | 74% Closely correlated | -2.88% |