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Stock Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
ProShares Merger ETF (BATS:MRGR)
Bull Market Weakness (+75) - MRGR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MRGR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MRGR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MRGR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MRGR
The long-term trend has been UP since May 5th, 2023 at 38.705
The intermediate-term trend has been UP since Apr 4th, 2024 at 40.570
The short-term trend has been UP since Apr 4th, 2024 at 40.495
Smart Scan Analysis for MRGR
Based on our trend formula, MRGR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 40.3998 | 40.4000 | 40.4000 | 40.4000 | +0.0002 |
| Prev. Close | Volume | Bid | Ask | Time |
| 40.2610 | 157 | 2024-04-12 09:50:39 |
| Year High | 36.92 | Year High Date | 2018-11-13 |
| Year Low | 34.73 | Year Low Date | 2018-04-24 |
| 52wk High | 40.86 | 52wk High Date | 2024-04-04 |
| 52wk Low | 37.97 | 52wk Low Date | 2023-05-22 |
| Year End Close | 40.4199 | Average Volume | 1,216 |
| Shares Outstanding | 975 | Volatility | 6.08 |