MMTM Stock Summary and Trading Ideas (SPDR S&P 1500 Momentum Tilt ETF | ARCA:MMTM)

The SPDR S&P 1500 Momentum Tilt ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of U.S. equity securities exhibiting price momentum. The S&P 1500 Positive Momentum Tilt Index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively high momentum are overweight relative to the S&P 1500 Index and stocks with relatively low momentum are underweight.

SPDR S&P 1500 Momentum Tilt ETF trades on the ARCA stock market under the symbol MMTM.

As of April 24, 2024, MMTM stock price declined to $220.49 with 1,394 million shares trading.

MMTM has a market cap of $94.81 million. This is considered a Micro Cap stock.

In the last 3 years, MMTM stock traded as high as $230.64 and as low as $152.10.

MMTM has outperformed the market in the last year with a return of +29.8%, while the SPY ETF gained +24.2%. In the last 3 month period, MMTM beat the market returning +5.6%, while SPY returned +4.6%. However, in the most recent 2 weeks MMTM has underperformed the stock market by returning -3.2%, while SPY returned -2.7%.

MMTM support price is $218.46 and resistance is $223.40 (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 MMTM stock will trade within this expected range on the day.