ARKK Stock Tickeron detected bullish ETF Pattern: Triangle Symmetrical Bottom ARKK on October 17, 2024, netting in a 22.98% gain over 3 weeks

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ARKK - ARK Innovation ETF

Ticker: ARKK

Company: ARK Innovation ETF

Gain: +22.98%

Confirmed: 10/17/24

Succeeded: 11/11/24

Total length: 25 days

Momentum Indicator for ARKK turns positive, indicating new upward trend

ARKK saw its Momentum Indicator move above the 0 level on November 05, 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 84 similar instances where the indicator turned positive. In of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for ARKK just turned positive on November 06, 2024. Looking at past instances where ARKK's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

ARKK moved above its 50-day moving average on November 01, 2024 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for ARKK moved above the 200-day moving average on October 30, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ARKK advanced for three days, in of 334 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 318 cases where ARKK 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 10-day RSI Indicator for ARKK moved out of overbought territory on November 14, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where ARKK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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 of 62 cases within the following month. The odds of a continued downward trend are .

ARKK broke above its upper Bollinger Band on November 06, 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.