Momentum Indicator for ARKG turns positive, indicating new upward trend
ARKG saw its Momentum Indicator move above the 0 level on November 02, 2023. 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 76 similar instances where the indicator turned positive. In of the 76 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ARKG's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ARKG just turned positive on November 01, 2023. Looking at past instances where ARKG's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
ARKG moved above its 50-day moving average on November 17, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ARKG crossed bullishly above the 50-day moving average on November 22, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ARKG advanced for three days, in of 332 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 281 cases where ARKG 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 Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARKG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ARKG broke above its upper Bollinger Band on November 03, 2023. 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.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Health
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| BAFMX | 13.88 | 0.01 | +0.07% |
| Brown Advisory Mid-Cap Growth Instl | |||
| EKSDX | 5.42 | N/A | N/A |
| Allspring Diversified Income Bldr Adm | |||
| MLPZX | 5.59 | -0.01 | -0.18% |
| Invesco SteelPath MLP Income Y | |||
| CLBAX | 31.04 | -0.13 | -0.42% |
| American Funds American Balanced 529A | |||
| RINTX | 40.15 | -0.25 | -0.62% |
| Russell Inv International Devd Mkts S | |||
ARKG and
Correlation & Price change
A.I.dvisor indicates that over the last year, ARKG has been closely correlated with XBI. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if ARKG jumps, then XBI could also see price increases.
| Ticker / NAME | Correlation To ARKG | 1D Price Change % | ||
|---|---|---|---|---|
| ARKG | 100% | +0.59% | ||
| XBI - ARKG | 83% Closely correlated | +1.75% | ||
| IBB - ARKG | 79% Closely correlated | +0.64% | ||
| IHI - ARKG | 59% Loosely correlated | +0.10% | ||
| VHT - ARKG | 56% Loosely correlated | +0.32% | ||
| XLV - ARKG | 44% Loosely correlated | +0.19% |