Technical Analysis for MRGR - ProShares Merger ETF
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Flat | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Gapped Down | Weakness | 0.00% | |
| 20 DMA Resistance | Bearish | 0.01% | |
| 50 DMA Resistance | Bearish | 0.01% | |
| 180 Bearish Setup | Bearish Swing Setup | 0.01% | |
| Gapped Up | Strength | 0.01% | |
| Fell Below 50 DMA | Bearish | 0.03% | |
| MACD Bearish Signal Line Cross | Bearish | 0.03% | |
| Narrow Range Bar | Range Contraction | 0.03% | |
| Down 3 Days in a Row | Weakness | 0.03% | |
| Down 4 Days in a Row | Weakness | 0.03% |
| Alert | Time |
|---|---|
| 1.5x Volume Pace | about 4 hours ago |
| Bearish 180 Entry | about 4 hours ago |
| Fell Below Previous Day's Low | about 4 hours ago |
| Rose Above 20 DMA | 1 day ago |
| Rose Above Previous Day's High | 1 day 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 | 45.5404 |
| 52 Week Low | 38.8462 |
| Average Volume | 820 |
| 200-Day Moving Average | 40.79 |
| 50-Day Moving Average | 42.01 |
| 20-Day Moving Average | 42.01 |
| 10-Day Moving Average | 42.02 |
| Average True Range | 0.11 |
| RSI (14) | 48.72 |
| ADX | 22.68 |
| +DI | 43.46 |
| -DI | 34.14 |
| Chandelier Exit (Long, 3 ATRs) | 42.02 |
| Chandelier Exit (Short, 3 ATRs) | 42.13 |
| Upper Bollinger Bands | 42.27 |
| Lower Bollinger Band | 41.74 |
| Percent B (%b) | 0.45 |
| BandWidth | 1.25 |
| MACD Line | 0.00 |
| MACD Signal Line | 0.01 |
| MACD Histogram | -0.0062 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 42.07 | ||||
| Resistance 3 (R3) | 42.06 | 42.02 | 42.06 | ||
| Resistance 2 (R2) | 42.02 | 42.00 | 42.03 | 42.05 | |
| Resistance 1 (R1) | 42.00 | 41.98 | 42.01 | 42.01 | 42.05 |
| Pivot Point | 41.96 | 41.96 | 41.97 | 41.97 | 41.96 |
| Support 1 (S1) | 41.94 | 41.94 | 41.95 | 41.95 | 41.91 |
| Support 2 (S2) | 41.90 | 41.92 | 41.90 | 41.91 | |
| Support 3 (S3) | 41.88 | 41.90 | 41.90 | ||
| Support 4 (S4) | 41.89 |
