QABA Stock Summary and Trading Ideas (First Trust Nasdaq Aba Community Bank | NASDAQ:QABA)

The First Trust NASDAQ ABA Community Bank Index Fund seeks investment results that correspond generally to the price and yield before the Funds fees and expenses of an equity index called the NASDAQ OMX ABA Community Bank Index.

First Trust Nasdaq Aba Community Bank trades on the NASDAQ stock market under the symbol QABA.

As of May 13, 2024, QABA stock price declined to $46.58 with 9,307 million shares trading.

QABA has a beta of 1.18, meaning it tends to be more sensitive to market movements. QABA has a correlation of 0.26 to the broad based SPY ETF.

QABA has a market cap of $69.87 million. This is considered a Micro Cap stock.

In the last 3 years, QABA stock traded as high as $63.67 and as low as $34.59.

QABA has outperformed the market in the last year with a price return of +35.3% while the SPY ETF gained +28.2%. QABA has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.8% and +4.8%, respectively, while the SPY returned +5.8% and +2.1%, respectively.

QABA support price is $46.08 and resistance is $47.32 (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 QABA stock will trade within this expected range on the day.