Technical Analysis for ARB - AltShares Merger Arbitrage ETF

Grade Last Price % Change Price Change
A 27.17 0.11% 0.03
ARB closed up 0.11 percent on Wednesday, March 27, 2024, on 49 percent of normal volume. 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.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
MACD Bullish Signal Line Cross Bullish 0.00%
New 52 Week Closing High Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week High Strength 0.11%
Stochastic Reached Overbought Strength 0.11%
Gapped Up Strength 0.11%
Overbought Stochastic Strength 0.11%
New 52 Week Closing High Bullish 0.10%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 14 hours ago
New 52 Week High about 14 hours ago
Rose Above Upper Bollinger Band about 14 hours ago
Upper Bollinger Band Resistance about 14 hours ago
Possible Inside Day about 15 hours ago

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Profile

AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.
Classification

Keywords: Exchange Traded Fund Exchange Traded Funds SPDR Swaps Arbitrage Risk Arbitrage

Top 10 Components

Symbol Grade Price % Change Allocation
SRC C 0.00 6.47
SPLK A 0.00 6.31
PXD A 1.23 6.20
HES C 0.64 6.18
SOVO A 0.00 4.50
MRTX C 0.00 4.37
OLK C -1.91 4.34
AMED F 0.18 3.51
SP B 0.02 3.36
CHS A 0.00 3.36

Is ARB 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 27.18
52 Week Low 24.64
Average Volume 16,723
200-Day Moving Average 26.27
50-Day Moving Average 26.87
20-Day Moving Average 27.06
10-Day Moving Average 27.07
Average True Range 0.10
RSI (14) 63.64
ADX 14.71
+DI 23.03
-DI 18.65
Chandelier Exit (Long, 3 ATRs) 26.87
Chandelier Exit (Short, 3 ATRs) 27.15
Upper Bollinger Bands 27.19
Lower Bollinger Band 26.94
Percent B (%b) 0.93
BandWidth 0.91
MACD Line 0.07
MACD Signal Line 0.07
MACD Histogram 0.0015
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.25
Resistance 3 (R3) 27.24 27.20 27.23
Resistance 2 (R2) 27.20 27.18 27.21 27.23
Resistance 1 (R1) 27.19 27.17 27.20 27.19 27.22
Pivot Point 27.15 27.15 27.16 27.16 27.15
Support 1 (S1) 27.14 27.13 27.14 27.14 27.11
Support 2 (S2) 27.10 27.12 27.11 27.11
Support 3 (S3) 27.08 27.10 27.11
Support 4 (S4) 27.09