ROBO Stock Summary and Trading Ideas (Concepts Trust Robo Global Robotics And Automation Index ETF | ARCA:ROBO)

The ROBO Global Robotics & Automation ETF (ROBO) invests in global companies that are driving transformative innovations in robotics, automation, and artificial intelligence (RAAI), including companies that create technology to enable truly intelligent systems that can sense, process, and act, and companies that apply those technologies to deliver RAAI-enabled products including robots to businesses and consumers.

Concepts Trust Robo Global Robotics And Automation Index ETF trades on the ARCA stock market under the symbol ROBO.

As of April 17, 2024, ROBO stock price declined to $53.75 with 64,906 million shares trading.

ROBO has a beta of 1.51, meaning it tends to be more sensitive to market movements. ROBO has a correlation of 0.76 to the broad based SPY ETF.

ROBO has a market cap of $1.23 billion. This is considered a Small Cap stock.

In the last 3 years, ROBO stock traded as high as $72.41 and as low as $39.51.

ROBO has underperformed the market in the last year with a price return of -0.3% while the SPY ETF gained +22.5%. ROBO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.7% and -6.3%, respectively, while the SPY returned +6.3% and -3.6%, respectively.

ROBO support price is $53.54 and resistance is $54.80 (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 ROBO stock will trade within this expected range on the day.