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ARB
ETF ticker: NYSE ARCA
AS OF
Jan 10 closing price
Price
$27.76
Change
-$0.03 (-0.11%)
Net Assets
80.73M

ARB stock forecast, quote, news & analysis

Category: @Trading
ARB
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
published price charts
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A.I.Advisor
a Summary for ARB with price predictions
Jan 08, 2025

ARB in upward trend: price rose above 50-day moving average on January 02, 2025

ARB moved above its 50-day moving average on January 02, 2025 date and that indicates a change from a downward trend to an upward trend. In of 32 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 30, 2024. You may want to consider a long position or call options on ARB as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ARB just turned positive on December 26, 2024. Looking at past instances where ARB's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for ARB crossed bullishly above the 50-day moving average on January 07, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ARB advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ARB broke above its upper Bollinger Band on January 06, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), Pioneer Natural Resource Co (null:PXD), Capital One Financial (NYSE:COF), Hess Corp (NYSE:HES), Discover Financial Services (NYSE:DFS), Nokia Corp (NYSE:NOK), EQT Corp (NYSE:EQT), Juniper Networks (NYSE:JNPR), Southwestern Energy Company (null:SWN).

Industry description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its underlying index, the Water Island Merger Arbitrage USD Hedged Index. The fund seeks to track the performance of the index, which is designed to reflect a global merger arbitrage strategy. Under normal market conditions, it will invest at least 80% of its net assets (including borrowings for investment purposes) in the constituents of the index and in financial instruments with economic characteristics similar to such constituents such as swaps on such constituents. The fund is non-diversified.

Market Cap

The average market capitalization across the AltShares Merger Arbitrage ETF ETF is 46.58B. The market cap for tickers in the group ranges from 310.68M to 461.22B. XOM holds the highest valuation in this group at 461.22B. The lowest valued company is TGAN at 310.68M.

High and low price notable news

The average weekly price growth across all stocks in the AltShares Merger Arbitrage ETF ETF was 1%. For the same ETF, the average monthly price growth was 1%, and the average quarterly price growth was 4%. CPRI experienced the highest price growth at 17%, while RDW experienced the biggest fall at -14%.

Volume

The average weekly volume growth across all stocks in the AltShares Merger Arbitrage ETF ETF was 2%. For the same stocks of the ETF, the average monthly volume growth was -5% and the average quarterly volume growth was 101%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 67
P/E Growth Rating: 38
Price Growth Rating: 53
SMR Rating: 63
Profit Risk Rating: 50
Seasonality Score: 16 (-100 ... +100)
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ARB
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Event Driven
Address
wicShares Trust41 Madison Avenue, 42nd Floor, New York, New York 10010
Phone
800-560-8210
Web
N/A