Technical Analysis for MRGR - ProShares Merger ETF
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | Up | Flat | Flat |
Date | Alert Name | Type | % Chg |
---|---|---|---|
Calm After Storm | Range Contraction | 0.00% | |
Narrow Range Bar | Range Contraction | 0.00% | |
Gapped Up | Strength | 0.00% | |
Oversold Stochastic | Weakness | 0.00% | |
Calm After Storm | Range Contraction | 0.22% | |
Narrow Range Bar | Range Contraction | 0.22% | |
Stochastic Reached Oversold | Weakness | 0.22% | |
Down 3 Days in a Row | Weakness | 0.22% | |
Down 4 Days in a Row | Weakness | 0.22% | |
Gapped Down | Weakness | 0.22% |
Alert | Time |
---|---|
20 DMA Resistance | 6 days ago |
10 DMA Resistance | 6 days ago |
3x Volume Pace | 6 days ago |
5x Volume Pace | 6 days ago |
Possible Pocket Pivot | 6 days ago |
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ProShares Merger ETF Description
The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.
Classification
Keywords: Index Fund Hedge Funds Arbitrage Risk Arbitrage Market Neutral
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 45.5404 |
52 Week Low | 38.8125 |
Average Volume | 792 |
200-Day Moving Average | 40.68 |
50-Day Moving Average | 41.96 |
20-Day Moving Average | 42.03 |
10-Day Moving Average | 41.93 |
Average True Range | 0.13 |
RSI (14) | 46.52 |
ADX | 24.38 |
+DI | 44.16 |
-DI | 30.68 |
Chandelier Exit (Long, 3 ATRs) | 41.97 |
Chandelier Exit (Short, 3 ATRs) | 42.17 |
Upper Bollinger Bands | 42.33 |
Lower Bollinger Band | 41.73 |
Percent B (%b) | 0.29 |
BandWidth | 1.43 |
MACD Line | -0.02 |
MACD Signal Line | 0.01 |
MACD Histogram | -0.034 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 41.95 | ||||
Resistance 3 (R3) | 41.95 | 41.93 | 41.95 | ||
Resistance 2 (R2) | 41.93 | 41.91 | 41.93 | 41.94 | |
Resistance 1 (R1) | 41.92 | 41.91 | 41.92 | 41.92 | 41.94 |
Pivot Point | 41.89 | 41.89 | 41.90 | 41.90 | 41.89 |
Support 1 (S1) | 41.88 | 41.88 | 41.89 | 41.89 | 41.87 |
Support 2 (S2) | 41.86 | 41.87 | 41.86 | 41.86 | |
Support 3 (S3) | 41.85 | 41.86 | 41.86 | ||
Support 4 (S4) | 41.85 |