ARK Innovation ETF forum
ARKK Looks like Cathie and her shareholders are going to have big smiles every day in the future
ARKK is anyone here?
ARKK Could this puppy be in a giant bear flag that takes it down to the teens? If SPX gets a 15%-20% correction, what happens to ARKK? Timid to step in.
ARKK Analysis:The trade recommendation for ARKK, based on the latest available fundamental and technical data, is nuanced due to mixed signals.
From a fundamental perspective, ARKK has very low exposure to traditional investing factors such as value, quality, and low volatility, with scores of 1 out of 99 in these areas. Its momentum score is slightly higher at 10. ARKK is categorized as a Large-Cap Multi-Factor ETF, with a significant portion of its portfolio in the Technology sector, specifically in Software & Programming1.
On the technical front, the consensus on TradingView suggests a neutral stance on ARKK. This neutrality is reflected in both the oscillators and moving averages, which do not indicate a clear action such as buy or sell2345.
In terms of performance, ARKK has shown a significant Year-To-Date (YTD) daily total return of 27.30% and a 1-year daily total return of 12.92%. However, its 3-year daily total return is negative at -26.36%. When compared to benchmarks, ARKK has outperformed in the YTD and 1-month metrics but underperformed in the 3-month and 3-year metrics6.
Considering the mixed fundamental and technical analysis and the recent performance data, a potential trader should be cautious. While recent performance may be appealing, the low fundamental factor scores suggest that ARKK may not align with strategies that prioritize value or quality. The neutral technical indicators imply that there is no strong technical basis for a decisive trade action currently. Therefore, a recommendation would be highly dependent on an individual investor's risk tolerance, investment horizon, and whether the investor's strategy aligns with the high growth, high volatility sectors that ARKK is exposed to.
ARKK Nice bullish breakout on ARKK
ARKK in a parallel uptrend, resistance level at the double top horizontal line. 
ARKK Break above 40 and half areas I expect 43/44 next target areas. 
ARKK Bull flag daily chart, weekly chart looks bullish too
ARKK will most probably consolidate for the next few weeks. If $38.5-$36.6 level holds, it is time to buy ARKK again. I am ok to enter above $45.46 with potential price target at $100 by the end of the year. if $36.6 breaks down then potential entry at $22. So far, the bounce looks very strong.