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Stock Trend Analysis Report
Prepared for you on Sunday, August 7, 2022.
ProShares Merger ETF (BATS:MRGR)
Sidelines Mode (-55) - MRGR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jan 18th, 2022 at 40.7200
The intermediate-term trend has been DOWN since Jul 13th, 2022 at 39.4900
The short-term trend has been UP since Aug 4th, 2022 at 39.9845
Smart Scan Analysis for MRGR
Based on our trend formula, MRGR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 39.939 | 40.020 | 40.010 | 40.020 | +0.081 |
| Prev. Close | Volume | Bid | Ask | Time |
| 39.890 | 292 | 2022-08-05 10:42:05 |
| Year High | 36.92 | Year High Date | 2018-11-13 |
| Year Low | 34.73 | Year Low Date | 2018-04-24 |
| 52wk High | 42.01 | 52wk High Date | 2021-11-09 |
| 52wk Low | 39.2 | 52wk Low Date | 2022-07-13 |
| Year End Close | 40.4199 | Average Volume | 66,550 |
| Shares Outstanding | 975 | Volatility | 6.08 |