Technical Analysis for MRGR - ProShares Merger ETF

Grade Last Price % Change Price Change
grade B 38.1147 -0.01% 0.00
MRGR closed down 0.01 percent on Thursday, August 6, 2020, on 0 percent of normal volume.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat
Historical MRGR trend table...

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Cup with Handle Other 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Cup with Handle Other -0.01%
Narrow Range Bar Range Contraction -0.01%
Outside Day Range Expansion -0.01%
Cup with Handle Other 0.01%
Narrow Range Bar Range Contraction 0.01%
Gapped Down Weakness 0.01%

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Profile

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.

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 39.02
52 Week Low 33.46
Average Volume 2,786
200-Day Moving Average 37.78
50-Day Moving Average 37.90
20-Day Moving Average 37.95
10-Day Moving Average 38.15
Average True Range 0.12
ADX 26.65
+DI 49.94
-DI 28.83
Chandelier Exit (Long, 3 ATRs ) 38.12
Chandelier Exit (Short, 3 ATRs ) 37.80
Upper Bollinger Band 38.40
Lower Bollinger Band 37.49
Percent B (%b) 0.69
BandWidth 2.37
MACD Line 0.12
MACD Signal Line 0.10
MACD Histogram 0.018
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 38.11
Resistance 3 (R3) 38.11 38.11 38.11
Resistance 2 (R2) 38.11 38.11 38.11 38.11
Resistance 1 (R1) 38.11 38.11 38.11 38.11 38.11
Pivot Point 38.11 38.11 38.11 38.11 38.11
Support 1 (S1) 38.11 38.11 38.11 38.11 38.11
Support 2 (S2) 38.11 38.11 38.11 38.11
Support 3 (S3) 38.11 38.11 38.11
Support 4 (S4) 38.11