Technical Analysis for MNA - IQ Merger Arbitrage ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 31.17 | 0.33% | 0.10 |
MNA closed up 0.33 percent on Monday, May 6, 2024, on 22 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Flat | Flat | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 200 DMA | Bullish | 0.00% | |
| Cup with Handle | Other | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Weak + Overbought | Other | 0.00% | |
| Weak, Overbought and Reversal Signs | Reversal | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% |
| Alert | Time |
|---|---|
| 200 DMA Support | about 6 hours ago |
| 60 Minute Opening Range Breakdown | about 7 hours ago |
| 200 DMA Resistance | about 7 hours ago |
| Possible NR7 | about 7 hours ago |
| Gapped Up (Full) | about 11 hours ago |
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Basic chart:
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.
Keywords: Exchange Traded Fund ETF Index Fund Mergers And Acquisitions Passive Management Arbitrage Risk Arbitrage
Classification
Keywords: Exchange Traded Fund ETF Index Fund Mergers And Acquisitions Passive Management Arbitrage Risk Arbitrage
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 31.96 |
| 52 Week Low | 30.4045 |
| Average Volume | 54,429 |
| 200-Day Moving Average | 31.13 |
| 50-Day Moving Average | 31.24 |
| 20-Day Moving Average | 30.97 |
| 10-Day Moving Average | 30.96 |
| Average True Range | 0.16 |
| RSI (14) | 54.75 |
| ADX | 17.51 |
| +DI | 22.29 |
| -DI | 20.21 |
| Chandelier Exit (Long, 3 ATRs) | 30.92 |
| Chandelier Exit (Short, 3 ATRs) | 31.18 |
| Upper Bollinger Bands | 31.30 |
| Lower Bollinger Band | 30.65 |
| Percent B (%b) | 0.8 |
| BandWidth | 2.09 |
| MACD Line | -0.06 |
| MACD Signal Line | -0.10 |
| MACD Histogram | 0.041 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 31.25 | ||||
| Resistance 3 (R3) | 31.25 | 31.21 | 31.24 | ||
| Resistance 2 (R2) | 31.21 | 31.19 | 31.21 | 31.23 | |
| Resistance 1 (R1) | 31.19 | 31.18 | 31.20 | 31.20 | 31.23 |
| Pivot Point | 31.15 | 31.15 | 31.16 | 31.16 | 31.15 |
| Support 1 (S1) | 31.13 | 31.13 | 31.14 | 31.14 | 31.11 |
| Support 2 (S2) | 31.10 | 31.12 | 31.10 | 31.10 | |
| Support 3 (S3) | 31.08 | 31.10 | 31.10 | ||
| Support 4 (S4) | 31.08 |
