Ark Innovation Etf ARKK Trading Signals

Source: Stock Traders Daily

Longer Term Trading Plans for ARKK
  • Buy ARKK slightly slightly over 28.32 target 41.03 stop loss @ 28.24 Details
  • The technical summary data tells us to buy ARKK near 28.32 with an upside target of 41.03. This data also tells us to set a stop loss @ 28.24 to protect against excessive loss in case the stock begins to move against the trade. 28.32 is the first level of support below 38.61 , and by rule, any test of support is a buy signal. In this case, support 28.32 is being tested, a buy signal would exist.

  • Short ARKK slightly under 41.03, target 28.32, stop loss @ 41.15 Details
  • The technical summary data is suggesting a short of ARKK as it gets near 41.03 with a downside target of 28.32. We should have a stop loss in place at 41.15though. 41.03 is the first level of resistance above 38.61, and by rule, any test of resistance is a short signal. In this case, if resistance 41.03 is being tested, a short signal would exist.

Swing Trading Plans for ARKK
  • Buy ARKK slightly slightly over 39.56, target 41.03, Stop Loss @ 39.45 Details
  • If 39.56 begins to break higher, the technical summary data tells us to buy ARKK just slightly over 39.56, with an upside target of 41.03. The data also tells us to set a stop loss @ 39.45 in case the stock turns against the trade. 39.56 is the first level of resistance above 38.61, and by rule, any break above resistance is a buy signal. In this case, 39.56, 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 ARKK slightly near 39.56, target 28.32, Stop Loss @ 39.67. Details
  • The technical summary data is suggesting a short of ARKK if it tests 39.56 with a downside target of 28.32. We should have a stop loss in place at 39.67 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, 39.56, 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 ARKK
  • Buy ARKK slightly slightly over 39.56, target 40.14, Stop Loss @ 39.47 Details
  • If 39.56 begins to break higher, the technical summary data tells us to buy ARKK just slightly over 39.56, with an upside target of 40.14. The data also tells us to set a stop loss @ 39.47 in case the stock turns against the trade. 39.56 is the first level of resistance above 38.61, and by rule, any break above resistance is a buy signal. In this case, 39.56, 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 ARKK slightly near 39.56, target 38.38, Stop Loss @ 39.65. Details
  • The technical summary data is suggesting a short of ARKK if it tests 39.56 with a downside target of 38.38. We should have a stop loss in place at 39.65 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, 39.56, 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.

ARKK Ratings for September 23:

Term →Near Mid Long
Rating Weak Weak Weak
P1 0 0 14.66
P2 38.38 39.56 28.32
P3 40.14 43.31 41.03

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ARKK Long Term Analysis for September 23 2022


ARKK Swing Trading Analysis for September 23 2022


ARKK Day Trading Analysis for September 23 2022

Trading Ark Innovation Etf (NASDAQ: ARKK) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ARKK 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 ARKK 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 ARKK too.  All of these are offered below the Summary Table.