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MRGR
ETF ticker: BATS
AS OF
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Net Assets
11.99M

MRGR ProShares Merger Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for MRGR with price predictions
07:00 PM EST Nov 28, 2023

MRGR in upward trend: price rose above 50-day moving average on November 14, 2023

MRGR moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend. In of 48 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 November 14, 2023. You may want to consider a long position or call options on MRGR as a result. In of 99 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 MRGR just turned positive on November 15, 2023. Looking at past instances where MRGR's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for MRGR crossed bullishly above the 50-day moving average on November 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 MRGR advanced for three days, in of 319 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 may be shifting from an upward trend to a downward trend. In of 72 cases where MRGR's Stochastic Oscillator exited the overbought zone, the price fell further within 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 .

MRGR broke above its upper Bollinger Band on November 14, 2023. 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 Aroon Indicator for MRGR entered a downward trend on November 17, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Pioneer Natural Resource Co (NYSE:PXD), Hess Corp (NYSE:HES), Splunk (NASDAQ:SPLK), Capri Holdings Limited (NYSE:CPRI).

Industry description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P® Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares Merger ETF is 15.78B. The market cap for tickers in the group ranges from 33.63M to 55.09B. PXD holds the highest valuation in this group at 55.09B. The lowest valued company is CHR at 33.63M.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Merger ETF was 909%. For the same ETF, the average monthly price growth was 880%, and the average quarterly price growth was 513%. CHR experienced the highest price growth at 952%, while HES experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the ProShares Merger ETF was 94%. For the same stocks of the ETF, the average monthly volume growth was 84% and the average quarterly volume growth was 58%

Fundamental Analysis Ratings

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

Valuation Rating: 63
P/E Growth Rating: 51
Price Growth Rating: 48
SMR Rating: 70
Profit Risk Rating: 71
Seasonality Score: -12 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Unknown

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

Correlation & Price change

A.I.dvisor tells us that MRGR and EVNT have been poorly correlated (+32% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MRGR and EVNT's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MRGR
1D Price
Change %
MRGR100%
-0.02%
EVNT - MRGR
32%
Poorly correlated
+0.15%
SPAX - MRGR
8%
Poorly correlated
N/A
SPCX - MRGR
7%
Poorly correlated
+0.28%
MNA - MRGR
1%
Poorly correlated
-0.04%
ARB - MRGR
0%
Poorly correlated
-0.13%
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