Index Trend Analysis Report
Prepared for you on Wednesday, April 21, 2021.
ARK Innovation ETF (GIF:ARKK)
Sidelines Mode (+55) - ARKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ARKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARKK
The long-term trend has been DOWN since Mar 5th, 2021 at 109.630
The intermediate-term trend has been UP since Apr 13th, 2021 at 126.310
The short-term trend has been DOWN since Apr 19th, 2021 at 122.482
Smart Scan Analysis for ARKK
Based on our trend formula, ARKK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).