Technical Analysis for ARB - AltShares Merger Arbitrage ETF

Grade Last Price % Change Price Change
A 27.95 -0.02% -0.01
ARB closed down 0.02 percent on Friday, November 1, 2024, on 1.52 times 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 Up Flat

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Three Weeks Tight Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
New 52 Week Closing High Bullish -0.02%
Pocket Pivot Bullish Swing Setup -0.02%
Stochastic Reached Overbought Strength -0.02%
Outside Day Range Expansion -0.02%
Overbought Stochastic Strength -0.02%

   Recent Intraday Alerts

Alert Time
20 DMA Support about 20 hours ago
10 DMA Support about 20 hours ago
2x Volume Pace about 20 hours ago
1.5x Volume Pace about 20 hours ago
Possible NR7 1 day 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
MRO C -1.55 2.76
RCM A 0.00 2.73
CTLT D 0.22 2.72
HCP A 0.18 2.72
SPR C 1.64 2.68
K A -0.05 2.67
JNPR A 0.26 2.66
ANSS C 1.04 2.57
INFN B 0.00 2.27
SRCL A 0.83 2.19

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 27.97
52 Week Low 25.81
Average Volume 8,778
200-Day Moving Average 27.17
50-Day Moving Average 27.77
20-Day Moving Average 27.88
10-Day Moving Average 27.91
Average True Range 0.09
RSI (14) 61.98
ADX 17.26
+DI 14.29
-DI 22.35
Chandelier Exit (Long, 3 ATRs) 27.70
Chandelier Exit (Short, 3 ATRs) 27.96
Upper Bollinger Bands 27.99
Lower Bollinger Band 27.77
Percent B (%b) 0.84
BandWidth 0.78
MACD Line 0.05
MACD Signal Line 0.05
MACD Histogram 0.0001
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.10
Resistance 3 (R3) 28.09 28.03 28.07
Resistance 2 (R2) 28.03 27.99 28.03 28.07
Resistance 1 (R1) 27.99 27.97 28.01 28.00 28.06
Pivot Point 27.93 27.93 27.94 27.93 27.93
Support 1 (S1) 27.89 27.89 27.91 27.90 27.84
Support 2 (S2) 27.83 27.87 27.84 27.83
Support 3 (S3) 27.79 27.83 27.83
Support 4 (S4) 27.80