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Mutual Trend Analysis Report

Prepared for you on Saturday, March 2, 2024.

FIRST TRUST MERGER ARBITRAGE FUND - CLASS A (NASDAQ:VARAX)

Bull Market Weakness (+75) - VARAX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on VARAX as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid VARAX?

MarketClub looks at technical strength and momentum to determine if the timing is right for VARAX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_VARAX
Open High Low VARAX Price Change
10.51 10.51 10.51 10.52 0.00
Entry Signal

MarketClub’s Trade Triangles for VARAX

long term down The long-term trend has been DOWN since Dec 5th, 2023 at 10.63

intermediate term up The intermediate-term trend has been UP since Jan 5th, 2024 at 10.43

short term up The short-term trend has been UP since Dec 13th, 2023 at 10.40

Smart Scan Analysis for VARAX

Based on our trend formula, VARAX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for VARAX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.51 10.51 10.51 10.52 0.00
Prev. Close Volume Bid Ask Time
10.52 0 10.51 11.15 2024-02-28 18:25:00
52wk High11.4552wk High Date2023-12-04
52wk Low10.452wk Low Date2023-12-12
Year End Close10.42Payment Date2019-12-03
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