Momentum Indicator for ARKW turns negative, indicating new downward trend
ARKW saw its Momentum Indicator move below the 0 level on September 13, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 71 similar instances where the indicator turned negative. In of the 71 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for ARKW turned negative on September 19, 2023. 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 49 similar instances when the indicator turned negative. In of the 49 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 ARKW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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 ARKW advanced for three days, in of 371 cases, the price rose further within the following month. The odds of a continued upward trend are .
ARKW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 379 cases where ARKW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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 % |
| GAOTX | 17.14 | -0.16 | -0.92% |
| JPMorgan Global Allocation R3 | |||
| NWXPX | 7.92 | -0.10 | -1.25% |
| Nationwide International Index Instl Svc | |||
| FCNTX | 14.84 | -0.19 | -1.26% |
| Fidelity® Contrafund® | |||
| ITETX | 9.09 | -0.13 | -1.41% |
| VY® T. Rowe Price Equity Income S2 | |||
| NRFNX | 9.44 | -0.18 | -1.86% |
| Natixis AEW Global Focused Real Estate N | |||
ARKW and
Correlation & Price change
A.I.dvisor indicates that over the last year, ARKW has been closely correlated with IYW. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if ARKW jumps, then IYW could also see price increases.
| Ticker / NAME | Correlation To ARKW | 1D Price Change % | ||
|---|---|---|---|---|
| ARKW | 100% | -1.01% | ||
| IYW - ARKW | 79% Closely correlated | -1.74% | ||
| VGT - ARKW | 78% Closely correlated | -1.78% | ||
| XLK - ARKW | 74% Closely correlated | -1.80% | ||
| SOXX - ARKW | 70% Closely correlated | -1.82% | ||
| SMH - ARKW | 68% Closely correlated | -1.58% |