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SARK
ETF ticker: NASDAQ
AS OF
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Price
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Net Assets
230.5M

SARK AXS Short Innovation Daily ETF Forecast, Technical & Fundamental Analysis

Category BearMarket
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SARK with price predictions
08:00 PM EDT Sep 20, 2023

Momentum Indicator for SARK turns positive, indicating new upward trend

SARK saw its Momentum Indicator move above the 0 level on September 14, 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 33 similar instances where the indicator turned positive. In of the 33 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for SARK just turned positive on September 19, 2023. Looking at past instances where SARK's MACD turned positive, the stock continued to rise in of 18 cases 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 SARK advanced for three days, in of 140 cases, the price rose further within the following month. The odds of a continued upward trend 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 demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SARK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SARK broke above its upper Bollinger Band on September 18, 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.

The Aroon Indicator for SARK entered a downward trend on September 21, 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide investment results that are approximately the inverse of, before fees and expenses, to the daily price and yield performance of the ARK Innovation ETF. The fund is an actively managed ETF that the advisor attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day by entering into a swap on the ARK Innovation ETF. The ARK Innovation ETF is an actively managed ETF that seeks long-term growth of capital by investing primarily in domestic and foreign equity securities of companies that are relevant to the fund's investment theme of disruptive innovation. It is non-diversified.
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published General Information

General Information

Category BearMarket

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
Investment Managers Series Trust II803 West Michigan StreetMilwaukee
Phone
(414) 299-2295
Web
N/A
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SARK and

Correlation & Price change

A.I.dvisor indicates that over the last year, SARK has been closely correlated with SQQQ. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if SARK jumps, then SQQQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SARK
1D Price
Change %
SARK100%
+3.03%
SQQQ - SARK
73%
Closely correlated
+5.79%
PSQ - SARK
73%
Closely correlated
+1.87%
SPXS - SARK
71%
Closely correlated
+5.09%
SDS - SARK
70%
Closely correlated
+3.36%
SPXU - SARK
70%
Closely correlated
+5.00%
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