ARKQ ARK Autonomous Technology&Robotics ETF Forecast, Technical & Fundamental Analysis
ARKQ sees MACD Histogram just turned negative
ARKQ saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 20, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 43 instances where the indicator turned negative. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ARKQ as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 ARKQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ARKQ entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ARKQ advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
ARKQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call 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 Technology
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| RMOCX | 12.48 | N/A | N/A |
| Victory RS Mid Cap Growth C | |||
| VVOCX | 14.69 | -0.01 | -0.07% |
| Invesco Value Opportunities C | |||
| EVSYX | 19.73 | -0.03 | -0.15% |
| Allspring Disciplined US Core Admin | |||
| BWLCX | 22.32 | -0.07 | -0.31% |
| American Beacon Bridgeway Lg Cp Val C | |||
| RMFHX | 48.27 | -0.17 | -0.35% |
| American Funds American Mutual R5E | |||
ARKQ and
Correlation & Price change
A.I.dvisor indicates that over the last year, ARKQ has been closely correlated with VGT. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if ARKQ jumps, then VGT could also see price increases.
| Ticker / NAME | Correlation To ARKQ | 1D Price Change % | ||
|---|---|---|---|---|
| ARKQ | 100% | -0.75% | ||
| VGT - ARKQ | 84% Closely correlated | +0.28% | ||
| IYW - ARKQ | 83% Closely correlated | +0.21% | ||
| XLK - ARKQ | 81% Closely correlated | +0.21% | ||
| SOXX - ARKQ | 79% Closely correlated | +0.83% | ||
| SMH - ARKQ | 77% Closely correlated | +0.85% |