FQAL Stock Summary and Trading Ideas (Fidelity Quality Factor ETF | ARCA:FQAL)

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Fidelity Quality Factor ETF trades on the ARCA stock market under the symbol FQAL.

As of April 26, 2024, FQAL stock price climbed to $56.84 with 140,030 million shares trading.

FQAL has a beta of 0.93, meaning it tends to be less sensitive to market movements. FQAL has a correlation of 0.97 to the broad based SPY ETF.

FQAL has a market cap of $883.80 million. This is considered a Small Cap stock.

In the last 3 years, FQAL stock traded as high as $59.01 and as low as $40.57.

FQAL has underperformed the market in the last year with a price return of +23.3% while the SPY ETF gained +27.4%. FQAL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.2% and -0.8%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

FQAL support price is $55.88 and resistance is $56.94 (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 FQAL stock will trade within this expected range on the day.