Technical Analysis for MNA - IQ Merger Arbitrage ETF

Grade Last Price % Change Price Change
A 31.58 -0.05% -0.02
MNA closed down 0.05 percent on Monday, July 1, 2024, on 30 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 Up Up

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Expansion Breakout Bullish Swing Setup -0.05%
Upper Bollinger Band Walk Strength -0.05%
Above Upper BB Strength -0.05%
Gapped Up Strength -0.05%
Up 3 Days in a Row Strength -0.05%

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Profile

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"). The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. It is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Index Fund Mergers And Acquisitions Passive Management Arbitrage Risk Arbitrage

Top 10 Components

Symbol Grade Price % Change Allocation
DFS A 1.64 6.57
ANSS D -0.11 6.39
X C 1.03 6.29
ETRN D -1.23 6.21
CTLT B -0.12 5.66
JNPR A 0.80 4.93
HCP A -0.09 4.54
MRO B 0.14 3.35
AIRC A 0.00 2.85
SWN D 0.59 2.77

Is MNA 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 31.96
52 Week Low 30.36
Average Volume 40,815
200-Day Moving Average 31.17
50-Day Moving Average 31.15
20-Day Moving Average 31.25
10-Day Moving Average 31.25
Average True Range 0.20
RSI (14) 63.90
ADX 18.27
+DI 27.59
-DI 18.95
Chandelier Exit (Long, 3 ATRs) 31.07
Chandelier Exit (Short, 3 ATRs) 31.58
Upper Bollinger Bands 31.54
Lower Bollinger Band 30.95
Percent B (%b) 1.07
BandWidth 1.89
MACD Line 0.06
MACD Signal Line 0.02
MACD Histogram 0.0414
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.80
Resistance 3 (R3) 31.80 31.73 31.76
Resistance 2 (R2) 31.73 31.68 31.73 31.75
Resistance 1 (R1) 31.66 31.64 31.62 31.66 31.74
Pivot Point 31.59 31.59 31.57 31.59 31.59
Support 1 (S1) 31.51 31.53 31.48 31.51 31.43
Support 2 (S2) 31.44 31.50 31.44 31.41
Support 3 (S3) 31.37 31.44 31.40
Support 4 (S4) 31.37