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... Show more
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ARB declined for three days, in of 212 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
ARB broke above its upper Bollinger Band on May 27, 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.
The Momentum Indicator moved above the 0 level on May 15, 2025. You may want to consider a long position or call options on ARB as a result. In of 89 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 May 09, 2025. Looking at past instances where ARB's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .
ARB moved above its 50-day moving average on May 06, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ARB advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .
Category Trading
A.I.dvisor tells us that ARB and MARB have been poorly correlated (+32% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ARB and MARB's prices will move in lockstep.
Ticker / NAME | Correlation To ARB | 1D Price Change % | ||
---|---|---|---|---|
ARB | 100% | -0.02% | ||
MARB - ARB | 32% Poorly correlated | -0.10% | ||
MNA - ARB | 31% Poorly correlated | -0.11% | ||
EVNT - ARB | 30% Poorly correlated | +0.28% | ||
GDL - ARB | 13% Poorly correlated | +0.48% | ||
MRGR - ARB | -0% Poorly correlated | +0.06% | ||
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