KONG Stock Summary and Trading Ideas (ETF Opportunities Trust Formidable Fortress ETF | ARCA:KONG)

The Fund aims to invest in large and mid-cap equity securities, including common stocks, related depository receipts (i.e., American Depository Receipts or ADRs, European Depository Receipts or EDRs, and Global Depository Receipts or GDRs ), real estate investment trusts (REITs ), and other equity investments or ownership interests in business enterprises. The investment process seeks to identify stocks of large and mid-cap companies which exhibit one or more of the following primary factors: Capital structure discipline lower debt levels relative to the Investable Universe; Beta lower historical price volatility relative to the Investable Universe; Dividends history of returning capital to shareholders, ideally at an increasing level; and Quality relative to the Investable Universe, companies with higher returns on equity (ROE), operating margins, and earnings growth. The Fund s derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes (ETNs). These derivatives will be used to hedge risks associated with the Funds other portfolio investments.

ETF Opportunities Trust Formidable Fortress ETF trades on the ARCA stock market under the symbol KONG.

As of May 17, 2024, KONG stock price climbed to $27.21 with 3,620 million shares trading.

KONG has a market cap of $26.53 million. This is considered a Sub-Micro Cap stock.

KONG has underperformed the market in the last year with a price return of +13.2% while the SPY ETF gained +29.1%. KONG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.2% and +2.4%, respectively, while the SPY returned +6.3% and +3.6%, respectively.

KONG support price is $26.96 and resistance is $27.39 (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 KONG stock will trade within this expected range on the day.