Technical Analysis for MRGR - ProShares Merger ETF

Grade Last Price % Change Price Change
D 41.90 0.22% 0.09
MRGR closed up 0.22 percent on Wednesday, November 20, 2024, on 76 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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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
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%

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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

Top 10 Components

Symbol Grade Price % Change Allocation
HTLF B -0.66 3.58
DFS B 0.16 3.14
IBTX B -0.36 3.02
SASR B -1.24 2.81
EDR A 0.55 2.53
INFN D -0.30 2.50
LBPH A -0.12 2.43
EVRI A -0.07 2.42
NAPA A 0.00 2.42
B A -0.04 2.41

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 38.8125
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