Technical Analysis for SPAX - Robinson Alternative Yield Pre-merger SPAC ETF

Grade Last Price % Change Price Change
C 20.31 0.10% 0.02
SPAX closed up 0.1 percent on Monday, May 6, 2024, on 53 percent of normal volume. It was able to find support at its 50 day moving average. It was able to bounce off of its 200 day moving average, an important long-term support line.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Flat Flat Flat

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
200 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
Outside Day Range Expansion 0.00%
Up 3 Days in a Row Strength 0.00%
Gapped Down Weakness 0.00%
Crossed Above 20 DMA Bullish 0.10%
Crossed Above 200 DMA Bullish 0.10%
Calm After Storm Range Contraction 0.10%

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Profile

The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.
Classification

Keywords: Private Equity Special Purpose Acquisition Company Warrant

Top 10 Components

Symbol Grade Price % Change Allocation
GAQ A 0.00 4.27
PEGR F -3.68 3.19
SHAP C 0.00 3.05
BFAC B 0.00 3.00
EVE A 0.09 2.91
BACA B 0.00 2.83
HAIA B 0.00 2.74
WTMA B 0.00 2.71
CNDA C -0.09 2.70
EMLD C -0.09 2.67

Is SPAX 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 20.8325
52 Week Low 19.7394
Average Volume 3,640
200-Day Moving Average 20.23
50-Day Moving Average 20.22
20-Day Moving Average 20.26
10-Day Moving Average 20.27
Average True Range 0.14
RSI (14) 53.05
ADX 16.46
+DI 34.71
-DI 35.37
Chandelier Exit (Long, 3 ATRs) 20.03
Chandelier Exit (Short, 3 ATRs) 20.36
Upper Bollinger Bands 20.44
Lower Bollinger Band 20.08
Percent B (%b) 0.63
BandWidth 1.77
MACD Line 0.00
MACD Signal Line 0.01
MACD Histogram -0.006
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.59
Resistance 3 (R3) 20.56 20.44 20.55
Resistance 2 (R2) 20.44 20.36 20.45 20.53
Resistance 1 (R1) 20.37 20.32 20.40 20.40 20.52
Pivot Point 20.25 20.25 20.26 20.26 20.25
Support 1 (S1) 20.18 20.17 20.21 20.21 20.10
Support 2 (S2) 20.06 20.13 20.07 20.09
Support 3 (S3) 19.99 20.06 20.07
Support 4 (S4) 20.03