Fidelity Nasdaq Composite Index Tracking ETF Forecast

$64.52
+0.240 (+0.373%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Green day on Wednesday for Fidelity Nasdaq Composite Index Tracking
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 08, 2024 Gain 10.42% PDF

The Fidelity Nasdaq Composite Index Tracking ETF price gained 0.373% on the last trading day (Wednesday, 27th Mar 2024), rising from $64.28 to $64.52. During the last trading day the ETF fluctuated 0.82% from a day low at $64.13 to a day high of $64.65. The price has risen in 6 of the last 10 days and is up by 1.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 108 thousand more shares were traded than the day before. In total, 264 thousand shares were bought and sold for approximately $17.02 million.

The ETF lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 11.39% during the next 3 months and, with a 90% probability hold a price between $70.52 and $72.50 at the end of this 3-month period.

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ONEQ Signals & Forecast

The Fidelity Nasdaq Composite Index Tracking ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $64.38 and $63.27. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -0.247%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Fidelity Nasdaq Composite Index Tracking ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $59.02 and $58.57. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Fidelity Nasdaq Composite Index Tracking finds support just below today's level at $59.02. If this is broken, then the next support from accumulated volume will be at $58.57 and $58.14.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.525 between high and low, or 0.82%. For the last week the ETF has had daily average volatility of 0.81%.

Our recommended stop-loss: $61.94 (-4.00%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (ONEQ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Fidelity Nasdaq Composite Index Tracking Stock to open at $64.43, and during the day (based on 14 day Average True Range), to move between $63.76 and $65.28, which gives a possible trading interval of +/-$0.762 (+/-1.18%) up or down from last closing price. If Fidelity Nasdaq Composite Index Tracking Stock takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $64.53 (0.02%) than the support at $59.02 (8.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Fidelity Nasdaq Composite Index Tracking Stock ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fidelity Nasdaq Composite Index Tracking ETF to perform well in the short-term.

Current score: 3.340 Buy Candidate Unchanged

Predicted Opening Price for Fidelity Nasdaq Composite Index Tracking Stock of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$64.43 ( 0.137%) $64.52

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ONEQ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 64.96 0.677 %
R2 64.76 0.366 %
R1 64.63 0.174 %
Current price: 64.52
Support S1 64.23 -0.448 %
S2 64.11 -0.640 %
S3 63.91 -0.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 64.68 0.248 %
R2 64.55 0.0465 %
R1 64.53 0.0155 %
Current price 64.52
Support S1 59.02 -8.52%
S2 58.57 -9.22%
S3 58.14 -9.89%

ONEQ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 15, 2024 Mar 15, 2024 Mar 20, 2024 $0.112 0.174%
2 Dec 28, 2023 Dec 28, 2023 Jan 03, 2024 $0.0160 0.0278%
3 Dec 15, 2023 Dec 15, 2023 Dec 20, 2023 $0.112 0.192%
4 Sep 15, 2023 Sep 15, 2023 Sep 20, 2023 $0.100 0.189%
5 Sep 08, 2023 Jun 16, 2023 Jun 22, 2023 $0.0900 0.168%

FAQ

What is the symbol for Fidelity Nasdaq Composite Index Tracking Stock ETF and on which exchange is it traded?
The symbol for Fidelity Nasdaq Composite Index Tracking Stock is ONEQ and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Fidelity Nasdaq Composite Index Tracking Stock ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fidelity Nasdaq Composite Index Tracking ETF to perform well in the short-term.

How to buy Fidelity Nasdaq Composite Index Tracking Stock ETF?
Fidelity Nasdaq Composite Index Tracking Stock ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Fidelity Nasdaq Composite Index Tracking Stock ETF.

What's the current price of Fidelity Nasdaq Composite Index Tracking Stock ETF?
As of the end of day on the 2024-03-27, the price of an Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) share was $64.52.

What is the 52-week high and low for Fidelity Nasdaq Composite Index Tracking Stock ETF?
The 52-week high for Fidelity Nasdaq Composite Index Tracking Stock ETF is $65.09 and the 52-week low is $45.61.

What is the market capitalization of Fidelity Nasdaq Composite Index Tracking Stock ETF?
As of the 2024-03-27, the market capitalization of Fidelity Nasdaq Composite Index Tracking Stock is 424.248M.
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About Fidelity Nasdaq Composite Index Tracking Stock

The investment seeks to provide investment returns that closely correspond 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. It uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a po... ONEQ Profile

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