AMOM Stock Summary and Trading Ideas (Qraft Ai-Enhanced US Large Cap Momentum ETF | ARCA:AMOM)

The QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (the Fund ) seeks capital appreciation. In pursuing the Fund s investment objective, the Adviser consults a database generated by Qraft s AI Quantitative Investment System ( AQUA ), which automatically selects and weights portfolios of U.S. large cap companies to provide exposure to a portfolio of 50 companies that have had higher residual returns relative to their similar-sized peers (based on market capitalization) over a rolling 3 to 36 month period. A stock s residual return equals its total return after removal of market, size and value risks factored into portfolio construction under conventional portfolio management. Use of residual momentum rather than conventional momentum to construct a portfolio is based on the stock management theory that stocks with higher residual returns have the potential to perform better and more consistently over time than conventional momentum stocks.

Qraft Ai-Enhanced US Large Cap Momentum ETF trades on the ARCA stock market under the symbol AMOM.

As of April 24, 2024, AMOM stock price declined to $36.26 with 4,753 million shares trading.

AMOM has a market cap of $19.94 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AMOM stock traded as high as $39.79 and as low as $23.33.

AMOM has outperformed the market in the last year with a return of +28.2%, while the SPY ETF gained +24.2%. However, in the most recent history, AMOM shares have underperformed the stock market with its stock returning +3.0% in the last 3 month period and -5.1% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

AMOM support price is $35.77 and resistance is $36.81 (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 AMOM stock will trade within this expected range on the day.