ONEO Stock Summary and Trading Ideas (SPDR Russell 1000 Momentum Focus ETF | ARCA:ONEO)

The SPDR Russell 1000 Momentum Focus ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Momentum Focused Factor Index. The Russell 1000 Momentum Focused Factor Index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high momentum characteristics (the "Factor Characteristics"). To construct the Index, Frank Russell Company ("Index Provider") utilizes a proprietary rules-based multi-factor scoring process that seeks to increase exposure (or "tilt") to companies in the Russell 1000 Index demonstrating the Factor Characteristics. The Russell 1000 Index is a market-capitalization index that measures the performance of the large-cap segment of the U.S. equity universe.

SPDR Russell 1000 Momentum Focus ETF trades on the ARCA stock market under the symbol ONEO.

As of December 13, 2024, ONEO stock price was flat at $124.69 with 79 million shares trading.

ONEO has a market cap of $96.01 million. This is considered a Micro Cap stock.

In the last 3 years, ONEO traded as high as $128.90 and as low as $81.91.

ONEO has underperformed the market in the last year with a price return of +23.1% while the SPY ETF gained +29.9%. However, in the short term, ONEO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.3% vs +7.8% return in SPY. But in the last 2 weeks, ONEO shares have been beat by the market, returning -2.7% compared to an SPY return of +0.3%.

ONEO support price is $123.74 and resistance is $125.63 (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 ONEO shares will trade within this expected range on the day.