Technical Analysis for MRGR - ProShares Merger ETF
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Strong | Up | Down | Down |
Date | Alert Name | Type | % Chg |
---|---|---|---|
Narrow Range Bar | Range Contraction | 0.00% | |
Lower Bollinger Band Walk | Weakness | 0.00% | |
Inside Day | Range Contraction | 0.00% | |
Gapped Up | Strength | 0.00% | |
Below Lower BB | Weakness | 0.00% | |
Oversold Stochastic | Weakness | 0.00% | |
MACD Bearish Centerline Cross | Bearish | 0.11% | |
New Downtrend | Bearish | 0.11% | |
Narrow Range Bar | Range Contraction | 0.11% | |
Doji - Bullish? | Reversal | 0.11% |
Alert | Time |
---|---|
Rose Above Previous Day's High | about 21 hours ago |
60 Minute Opening Range Breakdown | 1 day ago |
Fell Below Previous Day's Low | 1 day ago |
Down 1 ATR | 1 day ago |
Rose Above Lower Bollinger Band | 2 days ago |
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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
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 40.86 |
52 Week Low | 37.0559 |
Average Volume | 1,728 |
200-Day Moving Average | 38.81 |
50-Day Moving Average | 40.10 |
20-Day Moving Average | 40.26 |
10-Day Moving Average | 40.14 |
Average True Range | 0.11 |
RSI (14) | 37.50 |
ADX | 29.51 |
+DI | 37.61 |
-DI | 45.00 |
Chandelier Exit (Long, 3 ATRs) | 40.52 |
Chandelier Exit (Short, 3 ATRs) | 40.16 |
Upper Bollinger Bands | 40.63 |
Lower Bollinger Band | 39.90 |
Percent B (%b) | -0.04 |
BandWidth | 1.82 |
MACD Line | -0.04 |
MACD Signal Line | 0.04 |
MACD Histogram | -0.0768 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 39.87 | ||||
Resistance 3 (R3) | 39.87 | 39.87 | 39.87 | ||
Resistance 2 (R2) | 39.87 | 39.87 | 39.87 | 39.87 | |
Resistance 1 (R1) | 39.87 | 39.87 | 39.87 | 39.87 | 39.87 |
Pivot Point | 39.87 | 39.87 | 39.87 | 39.87 | 39.87 |
Support 1 (S1) | 39.87 | 39.87 | 39.87 | 39.87 | 39.87 |
Support 2 (S2) | 39.87 | 39.87 | 39.87 | 39.87 | |
Support 3 (S3) | 39.87 | 39.87 | 39.87 | ||
Support 4 (S4) | 39.87 |