Technical Analysis for MRGR - ProShares Merger ETF

Grade Last Price % Change Price Change
A 42.15 -0.33% -0.14
MRGR closed down 0.33 percent on Friday, November 1, 2024, on 1.83 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
New 52 Week Closing High Bullish -0.33%
Pocket Pivot Bullish Swing Setup -0.33%
Reversal New Highs Setup Bullish Swing Setup -0.33%
BB Squeeze Ended Range Expansion -0.33%
Outside Day Range Expansion -0.33%
Above Upper BB Strength -0.33%
Overbought Stochastic Strength -0.33%

   Recent Intraday Alerts

Alert Time
10 DMA Support about 21 hours ago
2x Volume Pace about 21 hours ago
1.5x Volume Pace about 21 hours ago
Fell Below Previous Day's Low about 21 hours ago
Fell Below Upper Bollinger Band about 21 hours ago

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Profile

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

Top 10 Components

Symbol Grade Price % Change Allocation
HTLF A -1.39 3.12
IBTX B -0.82 2.79
DFS A 1.93 2.57
INFN B 0.00 2.54
EDR A 0.00 2.48
SASR A -0.86 2.44
SMAR A -0.30 2.41
LBPH A -0.05 2.40
B A -0.02 2.39
EVRI A 0.00 2.39

Is MRGR 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 45.5404
52 Week Low 38.4013
Average Volume 679
200-Day Moving Average 40.49
50-Day Moving Average 41.83
20-Day Moving Average 42.07
10-Day Moving Average 42.10
Average True Range 0.11
RSI (14) 58.33
ADX 36.78
+DI 40.77
-DI 26.31
Chandelier Exit (Long, 3 ATRs) 41.95
Chandelier Exit (Short, 3 ATRs) 42.19
Upper Bollinger Bands 42.24
Lower Bollinger Band 41.91
Percent B (%b) 0.73
BandWidth 0.78
MACD Line 0.10
MACD Signal Line 0.10
MACD Histogram -0.0037
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 42.39
Resistance 3 (R3) 42.39 42.31 42.35
Resistance 2 (R2) 42.31 42.25 42.31 42.34
Resistance 1 (R1) 42.23 42.21 42.19 42.23 42.32
Pivot Point 42.15 42.15 42.13 42.15 42.15
Support 1 (S1) 42.07 42.09 42.03 42.07 41.98
Support 2 (S2) 41.99 42.05 41.99 41.96
Support 3 (S3) 41.91 41.99 41.95
Support 4 (S4) 41.91