Technical Analysis for ARB - AltShares Merger Arbitrage ETF

Grade Last Price % Change Price Change
A 26.94 0.07% 0.02
ARB closed up 0.07 percent on Monday, July 1, 2024, on 27 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Flat

Date Alert Name Type % Chg
MACD Bullish Signal Line Cross Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Gapped Down Weakness 0.00%
Crossed Above 20 DMA Bullish 0.07%
Crossed Above 50 DMA Bullish 0.07%
Pocket Pivot Bullish Swing Setup 0.07%

   Recent Intraday Alerts

Alert Time
Down 3% 4 days ago
Fell Below 200 DMA 4 days ago
Fell Below Previous Day's Low 4 days ago
Down 2 % 4 days ago
Down 1% 4 days ago

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Profile

AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.
Classification

Keywords: Exchange Traded Fund Exchange Traded Funds SPDR Swaps Arbitrage Risk Arbitrage

Top 10 Components

Symbol Grade Price % Change Allocation
PXD A 0.00 3.66
HES C 0.41 3.57
CTLT B -0.12 3.52
ANSS D -0.11 3.40
MDC A 0.00 2.74
AXNX B 0.10 2.74
DOOR A 0.00 2.70
JNPR A 0.80 2.68
CERE C 1.12 2.64
EVBG B 0.03 2.08

Is ARB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 27.24
52 Week Low 24.66
Average Volume 13,734
200-Day Moving Average 26.67
50-Day Moving Average 26.81
20-Day Moving Average 26.85
10-Day Moving Average 26.82
Average True Range 0.15
RSI (14) 59.35
ADX 20.32
+DI 13.02
-DI 48.50
Chandelier Exit (Long, 3 ATRs) 26.56
Chandelier Exit (Short, 3 ATRs) 26.25
Upper Bollinger Bands 26.98
Lower Bollinger Band 26.72
Percent B (%b) 0.85
BandWidth 0.98
MACD Line 0.00
MACD Signal Line -0.01
MACD Histogram 0.008
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.04
Resistance 3 (R3) 27.04 26.99 27.03
Resistance 2 (R2) 26.99 26.97 27.00 27.02
Resistance 1 (R1) 26.97 26.95 26.98 26.97 27.02
Pivot Point 26.92 26.92 26.93 26.93 26.92
Support 1 (S1) 26.90 26.90 26.91 26.90 26.86
Support 2 (S2) 26.85 26.88 26.86 26.86
Support 3 (S3) 26.83 26.85 26.85
Support 4 (S4) 26.83