ABEQ Stock Summary and Trading Ideas (Absolute Select Value ETF | ARCA:ABEQ)

The Absolute Select Value ETF employs an absolute return mindset to long only value investing, emphasizing proven business models priced at a substantial discount to our conservative estimate of fair value. The Fund's investment methodology stresses absolute returns, blending a combination of fundamental analysis, discipline and patience with the goal of preserving and compounding capital.

Absolute Select Value ETF trades on the ARCA stock market under the symbol ABEQ.

As of April 19, 2024, ABEQ stock price climbed to $29.67 with 4,675 million shares trading.

ABEQ has a market cap of $82.33 million. This is considered a Micro Cap stock.

In the last 3 years, ABEQ stock traded as high as $31.00 and as low as $24.86.

ABEQ stock has underperformed the market in the last year with a return of +6.1%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ABEQ shares. However, ABEQ has outperformed the market in the last 3 month and 2 week periods, returning +4.8% and -1.7%, while SPY returned +3.0% and -4.5%, respectively. This indicates ABEQ has been having a stronger performance recently.

ABEQ support price is $29.20 and resistance is $29.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABEQ stock will trade within this expected range on the day.