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ALTSHARES MERGER ARBITRAGE (ARB) Stock Technical Analysis

NYSEARCA:ARB - NYSE Arca - US02210T1088 - ETF - Currency: USD

28.3325  -0.01 (-0.03%)

Technical Rating and Analysis

7

Taking everything into account, ARB scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ARB is only an average performer.

Warning: ARB has an average volume of 12442 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ARB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ARB is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, ARB outperforms 61% of them, which is more or less in line with the market.
In the last month ARB has a been trading in a tight range between 28.07 and 28.50.
Weekly and Daily overview Charts
ALTSHARES MERGER ARBITRAGE / ARB Weekly stock chart
ALTSHARES MERGER ARBITRAGE / ARB Daily stock chart
Setup Rating and Analysis

8

ARB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.30, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

25.89

28.64

3 important support areas can be observed.

  • A support zone ranging from 27.27 to 28.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @26.69 from a horizontal line in the weekly time frame.
  • Support @26.15 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 28.34 to 28.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ARB is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ARB is up.
ChartMill Relative Strength61.61NEUTRALARB is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ARB is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ARB is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ARB is above the rising SMA(200).
Relative Strength Index/RSI (14)60.52NEUTRALThe RSI value for ARB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests ARB has a positive trend, although the MACD value is declining.
Stochastics (14,3)56.62NEUTRALThe Stochastics value for ARB is a neutral value.
Average True Range in percent/ATR (20)0.3LOW VOLATILITYThe low ATR as a percentage value for ARB suggests low volalility.
Average Directional Index/ADX (14)37.19POSITIVEThe high ADX value value for ARB suggests a strong trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
28.3728.230.14 (0.49%)25.00%
An entry @28.37. This is a Buy Stop order right above the resistance zone.An exit @28.23. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.14 points, which is 0.49%.For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ALTSHARES MERGER ARBITRAGE / ARB Daily stock chart

ALTSHARES MERGER ARBITRAGE

NYSEARCA:ARB (5/30/2025, 8:04:00 PM)

28.3325

-0.01 (-0.03%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.03%
1 Week0.15%
2 Weeks0.33%
1 Month0.68%
3 Month0.52%
6 Month1.81%
12 Month5.42%
2 Year11.63%
3 Year8.26%
5 Year15.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.3%
ATR Inc-49.35%
Range Today0.05
ADR(20)0.08
ADR(20)%0.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.61
Mansfield-0.13
10 Day High28.36
10 Day Low28.24
20 Day High28.5
20 Day Low28.07
52 Week High28.75
52 Week Low25.81
CS1 End28.3
CR1 Start28.34
Volume & EV
DER(3)1.07%
DER(5)0.99%
Volume8.60K
Volume Incr3.97%
Vol(5)14.78K
Vol(50)12.44K