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MRGR
ETF ticker: BATS
AS OF
Dec 16 closing price
Price
$41.93
Change
+$0.01 (+0.02%)
Net Assets
10.49M

MRGR ProShares Merger Forecast, Technical & Fundamental Analysis

Category Trading
MRGR
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for MRGR with price predictions
Dec 17, 2024

MRGR's Indicator enters downward trend

The Aroon Indicator for MRGR entered a downward trend on December 13, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 84 similar instances where the Aroon Indicator formed such a pattern. In of the 84 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MRGR as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MRGR turned negative on December 11, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

MRGR moved below its 50-day moving average on December 10, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for MRGR crossed bearishly below the 50-day moving average on December 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MRGR advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

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MRGR
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
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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MRGR and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, MRGR has been loosely correlated with ARB. These tickers have moved in lockstep 53% of the time. This A.I.-generated data suggests there is some statistical probability that if MRGR jumps, then ARB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MRGR
1D Price
Change %
MRGR100%
N/A
ARB - MRGR
53%
Loosely correlated
+0.07%
MNA - MRGR
37%
Loosely correlated
+0.03%
MARB - MRGR
28%
Poorly correlated
-0.03%
EVNT - MRGR
27%
Poorly correlated
N/A
SPCX - MRGR
-3%
Poorly correlated
-0.51%
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