Fidelity Blue Chip Growth ETF Forecast
Fidelity Blue Chip Growth ETF upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The Fidelity Blue Chip Growth ETF price gained 0.798% on the last trading day (Tuesday, 2nd Jul 2024), rising from $42.61 to $42.95. During the last trading day the ETF fluctuated 1.30% from a day low at $42.40 to a day high of $42.95. The price has risen in 6 of the last 10 days and is up by 0.75% over the past 2 weeks. Volume fell on the last day by -115 thousand shares and in total, 685 thousand shares were bought and sold for approximately $29.43 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a 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 16.64% during the next 3 months and, with a 90% probability hold a price between $47.69 and $52.09 at the end of this 3-month period.
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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 $42.51 and $41.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 20.14%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Fidelity Blue Chip Growth ETF
Fidelity Blue Chip Growth finds support from accumulated volume at $42.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.550 between high and low, or 1.30%. For the last week the ETF has had daily average volatility of 1.27%.
Our recommended stop-loss: $41.57 (-3.22%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 69 days ago.)
Trading Expectations (FBCG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Fidelity Blue Chip Growth ETF to open at $42.77, and during the day (based on 14 day Average True Range), to move between $42.37 and $43.53, which gives a possible trading interval of +/-$0.583 (+/-1.36%) 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 2.72% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $42.43, some $0.520 (1.21%) from the current price of $42.95, our system finds the risk reward attractive.
Is Fidelity Blue Chip Growth ETF ETF A Buy?
Fidelity Blue Chip Growth holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.113 Strong Buy Candidate Upgraded
Predicted Opening Price for Fidelity Blue Chip Growth ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $42.77 ( 0.427%) | $42.95 |
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 | |
|---|---|---|
| R3 | 43.32 | 0.85% |
| R2 | 43.11 | 0.365% |
| R1 | 42.98 | 0.0623% |
| Price | 42.95 | |
| S1 | 42.56 | -0.92% |
| S2 | 42.43 | -1.22% |
| S3 | 42.22 | -1.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 42.95 | |
| S1 | 42.43 | -1.21% |
| S2 | 40.79 | -5.03% |
| S3 | 39.56 | -7.89% |
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
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