Fidelity Blue Chip Growth ETF Forecast
Red day on Wednesday for Fidelity Blue Chip Growth ETF after losing 0.462%
(Updated on May 08, 2024)
The Fidelity Blue Chip Growth ETF price fell by -0.462% on the last day (Wednesday, 8th May 2024) from $38.92 to $38.74. During the last trading day the ETF fluctuated 0.80% from a day low at $38.51 to a day high of $38.82. The price has fallen in 6 of the last 10 days but is still up by 5.3% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -194 thousand shares and in total, 243 thousand shares were bought and sold for approximately $9.43 million.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $39.33 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.42% during the next 3 months and, with a 90% probability hold a price between $36.82 and $40.28 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FBCG Signals & Forecast
The Fidelity Blue Chip Growth 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 $38.08 and $37.87. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, May 06, 2024, and so far it has fallen -0.616%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Monday, May 06, 2024 and based on theory for this formation the price should fall by -11.97% to $34.10 within 30 trading days since signal was issued (Thursday, May 09, 2024).
Support, Risk & Stop-loss for Fidelity Blue Chip Growth ETF
Fidelity Blue Chip Growth finds support from accumulated volume at $38.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.310 (0.80%) between high and low. For the last week, the ETF has had daily average volatility of 1.21%.
Our recommended stop-loss: $37.21 (-3.94%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (FBCG) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Fidelity Blue Chip Growth ETF to open at $38.69, and during the day (based on 14 day Average True Range), to move between $38.04 and $39.44, which gives a possible trading interval of +/-$0.702 (+/-1.81%) up or down from last closing price. If Fidelity Blue Chip Growth ETF takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.84 (0.26%) than the support at $38.28 (1.19%), 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 Blue Chip Growth ETF 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 Blue Chip Growth ETF to perform well in the short-term.
Current score: 3.327 Buy Candidate Unchanged
Predicted Opening Price for Fidelity Blue Chip Growth ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $38.69 ( 0.129%) | $38.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBCG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.00 | 0.671 % | |
| R2 | 38.88 | 0.365 % | ||
| R1 | 38.81 | 0.176 % | ||
| Current price: | 38.74 | |||
| Support | S1 | 38.57 | -0.435 % | |
| S2 | 38.50 | -0.624 % | ||
| S3 | 38.38 | -0.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.98 | 0.620 % | |
| R2 | 38.92 | 0.465 % | ||
| R1 | 38.84 | 0.258 % | ||
| Current price | 38.74 | |||
| Support | S1 | 38.28 | -1.19% | |
| S2 | 38.27 | -1.21% | ||
| S3 | 35.75 | -7.72% |
FBCG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.0080 | 0.0244% |
| 2 | Dec 17, 2020 | Dec 18, 2020 | Dec 23, 2020 | $0.0020 | 0.0070% |
FAQ
Click here for our free guide on how to buy Fidelity Blue Chip Growth ETF ETF.
