ONEQ Stock Summary and Trading Ideas (Fidelity Nasdaq Composite Index Tracking Stock ETF | NASDAQ:ONEQ)

The investment seeks to provide investment returns that closely corresponds to the price and yield performance of the Nasdaq Composite index. The fund normally invests at least 80% of assets in common stocks included in the index. Advisor uses a sampling technique based on quantitative analytic procedures to create a portfolio of securities listed in the Index that have a similar investment profile to the entire Index.

Fidelity Nasdaq Composite Index Tracking Stock ETF trades on the NASDAQ stock market under the symbol ONEQ.

As of April 17, 2024, ONEQ stock price declined to $61.77 with 224,717 million shares trading.

ONEQ has a beta of 1.21, meaning it tends to be more sensitive to market movements. ONEQ has a correlation of 0.87 to the broad based SPY ETF.

ONEQ has a market cap of $5.85 billion. This is considered a Mid Cap stock.

In the last 3 years, ONEQ stock traded as high as $65.09 and as low as $39.52.

ONEQ has outperformed the market in the last year with a price return of +30.6% while the SPY ETF gained +23.0%. However, in the short term, ONEQ had mixed performance relative to the market. It has underperformed in the last 3 months, returning +5.1% vs +5.7% return in SPY. But in the last 2 weeks, ONEQ shares have fared better than the market returning -3.4% compared to SPY -3.5%.

ONEQ support price is $61.74 and resistance is $63.06 (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 ONEQ stock will trade within this expected range on the day.