Technical Analysis for ARB - AltShares Merger Arbitrage ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 26.85 | 0.17% | 0.05 |
ARB closed up 0.17 percent on Friday, May 24, 2024, on 17 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. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Flat | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Doji - Bearish? | Reversal | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| 180 Bearish Setup | Bearish Swing Setup | 0.17% | |
| NR7 | Range Contraction | 0.17% | |
| Gapped Up | Strength | 0.17% | |
| 20 DMA Support | Bullish | 0.13% |
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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.
Keywords: Exchange Traded Fund Exchange Traded Funds SPDR Swaps Arbitrage Risk Arbitrage
Classification
Keywords: Exchange Traded Fund Exchange Traded Funds SPDR Swaps Arbitrage Risk Arbitrage
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 27.24 |
| 52 Week Low | 24.66 |
| Average Volume | 17,280 |
| 200-Day Moving Average | 26.56 |
| 50-Day Moving Average | 26.91 |
| 20-Day Moving Average | 26.80 |
| 10-Day Moving Average | 26.84 |
| Average True Range | 0.09 |
| RSI (14) | 51.92 |
| ADX | 12.47 |
| +DI | 20.33 |
| -DI | 17.49 |
| Chandelier Exit (Long, 3 ATRs) | 26.64 |
| Chandelier Exit (Short, 3 ATRs) | 26.90 |
| Upper Bollinger Bands | 26.93 |
| Lower Bollinger Band | 26.68 |
| Percent B (%b) | 0.68 |
| BandWidth | 0.94 |
| MACD Line | 0.00 |
| MACD Signal Line | -0.01 |
| MACD Histogram | 0.0088 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 26.91 | ||||
| Resistance 3 (R3) | 26.92 | 26.90 | 26.90 | ||
| Resistance 2 (R2) | 26.90 | 26.89 | 26.90 | 26.90 | |
| Resistance 1 (R1) | 26.88 | 26.88 | 26.87 | 26.87 | 26.89 |
| Pivot Point | 26.86 | 26.86 | 26.86 | 26.86 | 26.86 |
| Support 1 (S1) | 26.84 | 26.85 | 26.83 | 26.83 | 26.81 |
| Support 2 (S2) | 26.82 | 26.84 | 26.82 | 26.80 | |
| Support 3 (S3) | 26.80 | 26.82 | 26.80 | ||
| Support 4 (S4) | 26.79 |
