Technical Analysis for MRGR - ProShares Merger ETF

Grade Last Price % Change Price Change
A 40.0341 -0.16% -0.07
MRGR closed down 0.16 percent on Tuesday, April 13, 2021, on 9 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.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Flat
Historical MRGR trend table...

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
Cup with Handle Other 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
MACD Bullish Signal Line Cross Bullish -0.16%
Cup with Handle Other -0.16%
MACD Bearish Signal Line Cross Bearish 0.04%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.04%
Cup with Handle Other 0.04%
Older End-of-Day Signals for MRGR ...

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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 Market Neutral Risk Arbitrage

Top 10 Components

Symbol Grade Price % Change Allocation
CIT C -4.22 4.27
TCF B -2.17 2.86
COHR A -0.22 2.80
MXIM B -0.24 2.72
IPHI B -1.16 2.49
GRUB C 7.61 2.32
FLIR A -0.24 2.32
CTB B -0.30 2.30
CUB B -0.11 2.27
VIE F 0.00 2.25
View All MRGR Holdings

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 40.51
52 Week Low 33.46
Average Volume 21,950
200-Day Moving Average 38.72
50-Day Moving Average 39.84
20-Day Moving Average 39.98
10-Day Moving Average 40.01
Average True Range 0.18
ADX 13.69
+DI 23.70
-DI 21.71
Chandelier Exit (Long, 3 ATRs ) 39.70
Chandelier Exit (Short, 3 ATRs ) 40.15
Upper Bollinger Band 40.21
Lower Bollinger Band 39.74
Percent B (%b) 0.62
BandWidth 1.17
MACD Line 0.08
MACD Signal Line 0.08
MACD Histogram -0.0013
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 40.16
Resistance 3 (R3) 40.17 40.14 40.14
Resistance 2 (R2) 40.14 40.11 40.13 40.13
Resistance 1 (R1) 40.09 40.09 40.07 40.08 40.12
Pivot Point 40.06 40.06 40.05 40.05 40.06
Support 1 (S1) 40.00 40.03 39.99 39.99 39.94
Support 2 (S2) 39.97 40.01 39.97 39.94
Support 3 (S3) 39.92 39.97 39.93
Support 4 (S4) 39.91