Fidelity Total Bond ETF Forecast
Green day on Thursday for Fidelity Total Bond ETF after gaining 0.313%
(Updated on May 09, 2024)
The Fidelity Total Bond ETF price gained 0.313% on the last trading day (Thursday, 9th May 2024), rising from $44.66 to $44.80. During the last trading day the ETF fluctuated 0.403% from a day low at $44.64 to a day high of $44.82. The price has risen in 7 of the last 10 days and is up by 1.52% over the past 2 weeks. Volume fell on the last day by -71 thousand shares and in total, 1 million shares were bought and sold for approximately $48.35 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 the upper part of a narrow and falling 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 $44.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.33% during the next 3 months and, with a 90% probability hold a price between $42.74 and $43.80 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FBND Signals & Forecast
The Fidelity Total Bond ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $44.59 and $44.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Fidelity Total Bond ETF
Fidelity Total Bond finds support from accumulated volume at $44.69 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 $0.180 between high and low, or 0.403%. For the last week the ETF has had daily average volatility of 0.302%.
Our recommended stop-loss: $42.52 (-5.08%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (FBND) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Fidelity Total Bond ETF to open at $44.75, and during the day (based on 14 day Average True Range), to move between $44.60 and $45.00, which gives a possible trading interval of +/-$0.199 (+/-0.45%) up or down from last closing price. If Fidelity Total Bond ETF takes out the full calculated possible swing range there will be an estimated 0.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.87 (0.16%) than the support at $44.69 (0.25%), 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 Total Bond ETF ETF A Buy?
Fidelity Total Bond holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.608 Hold/Accumulate Unchanged
Predicted Opening Price for Fidelity Total Bond ETF of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $44.75 ( 0.104%) | $44.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBND
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.93 | 0.298 % | |
| R2 | 44.86 | 0.144 % | ||
| R1 | 44.82 | 0.0493 % | ||
| Current price: | 44.80 | |||
| Support | S1 | 44.68 | -0.258 % | |
| S2 | 44.64 | -0.352 % | ||
| S3 | 44.57 | -0.506 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.06 | 0.580 % | |
| R2 | 44.95 | 0.335 % | ||
| R1 | 44.87 | 0.156 % | ||
| Current price | 44.80 | |||
| Support | S1 | 44.69 | -0.246% | |
| S2 | 44.44 | -0.80% | ||
| S3 | 44.27 | -1.18% |
FBND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Apr 26, 2024 | May 01, 2024 | $0.181 | 0.410% |
| 2 | Mar 22, 2024 | Mar 26, 2024 | Apr 01, 2024 | $0.170 | 0.378% |
| 3 | Feb 26, 2024 | Feb 27, 2024 | Mar 01, 2024 | $0.172 | 0.380% |
| 4 | Jan 26, 2024 | Jan 29, 2024 | Feb 01, 2024 | $0.175 | 0.380% |
| 5 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.185 | 0.400% |
FAQ
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