(ARKQ) Investment Analysis

November 16, 2024, 07:26 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ARKQ

• Buy ARKQ near 64.04 target n/a stop loss @ 63.86. Details

The technical summary data tells us to buy ARKQ near 64.04, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 63.86 to protect against excessive loss in case the stock begins to move against the trade. 64.04 is the first level of support below 67.53, and by rule, any test of support is a buy signal. In this case, if support 64.04 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for ARKQ

• Buy ARKQ slightly over 69.58, target 73.14, Stop Loss @ 69.38 Details

If 69.58 begins to break higher, the technical summary data tells us to buy ARKQ just slightly over 69.58, with an upside target of 73.14. The data also tells us to set a stop loss @ 69.38 in case the stock turns against the trade. 69.58 is the first level of resistance above 67.53, and by rule, any break above resistance is a buy signal. In this case, 69.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ARKQ slightly near 69.58, target 64.04, Stop Loss @ 69.78. Details

The technical summary data is suggesting a short of ARKQ if it tests 69.58 with a downside target of 64.04. We should have a stop loss in place at 69.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 69.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ARKQ

• Buy ARKQ slightly over 68.88, target 69.58, Stop Loss @ 68.72 Details

If 68.88 begins to break higher, the technical summary data tells us to buy ARKQ just slightly over 68.88, with an upside target of 69.58. The data also tells us to set a stop loss @ 68.72 in case the stock turns against the trade. 68.88 is the first level of resistance above 67.53, and by rule, any break above resistance is a buy signal. In this case, 68.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ARKQ slightly near 68.88, target 64.04, Stop Loss @ 69.04. Details

The technical summary data is suggesting a short of ARKQ if it tests 68.88 with a downside target of 64.04. We should have a stop loss in place at 69.04 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 68.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Ark Autonomous Technology & Robotics Etf (ARKQ) available here: ARKQ.

ARKQ Ratings for November 16:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	54.96
P2	68.88	69.58	59.46
P3	71.32	73.14	64.04

AI Generated Signals for ARKQ

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Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ARKQ change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ARKQ is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ARKQ too.  All of these are offered below the Summary Table.