FIDELITY MSCI TELECOMMUNICATION SERVICES ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
FIDELITY MSCI TELECOMMUNICATION SERVICES ETF price ended at $52.52 on Wednesday, after gaining 0.172%.
(Updated on Jul 03, 2024)
The FIDELITY MSCI TELECOMMUNICATION SERVICES ETF price gained 0.172% on the last trading day (Wednesday, 3rd Jul 2024), rising from $52.43 to $52.52. During the last trading day the ETF fluctuated 0.382% from a day low at $52.39 to a day high of $52.59. The price has risen in 8 of the last 10 days and is up by 2.74% 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, 80 thousand more shares were traded than the day before. In total, 128 thousand shares were bought and sold for approximately $6.74 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 $52.87 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 7.29% during the next 3 months and, with a 90% probability hold a price between $53.77 and $56.72 at the end of this 3-month period.
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FCOM Signals & Forecast
The FIDELITY MSCI TELECOMMUNICATION SERVICES 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 $52.35 and $51.23. 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). 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 Thursday, June 27, 2024, and so far it has fallen -0.228%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for FIDELITY MSCI TELECOMMUNICATION SERVICES ETF
FIDELITY MSCI TELECOMMUNICATION SERVICES finds support from accumulated volume at $52.05 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 $0.200 between high and low, or 0.382%. For the last week the ETF has had daily average volatility of 0.93%.
Our recommended stop-loss: $50.49 (-3.86%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (FCOM) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect FIDELITY MSCI TELECOMMUNICATION SERVICES INDEX ETF to open at $52.50, and during the day (based on 14 day Average True Range), to move between $52.01 and $53.03, which gives a possible trading interval of +/-$0.511 (+/-0.97%) up or down from last closing price. If FIDELITY MSCI TELECOMMUNICATION SERVICES INDEX ETF takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.64 (0.23%) than the support at $52.05 (0.89%), 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 MSCI TELECOMMUNICATION SERVICES INDEX 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 MSCI TELECOMMUNICATION SERVICES ETF to perform well in the short-term.
Current score: 4.149 Buy Candidate Unchanged
Predicted Opening Price for FIDELITY MSCI TELECOMMUNICATION SERVICES INDEX ETF of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$52.50 ( 0.0381%) | $52.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCOM
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 52.70 | 0.343% |
R2 | 52.62 | 0.197% |
R1 | 52.58 | 0.107% |
Price | 52.52 | |
S1 | 52.42 | -0.184% |
S2 | 52.38 | -0.273% |
S3 | 52.30 | -0.419% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 52.64 | 0.228% |
Price | 52.52 | |
S1 | 52.05 | -0.89% |
S2 | 48.77 | -7.14% |
S3 | 47.40 | -9.75% |
FCOM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.108 | 0.218% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.104 | 0.240% |
3 | Sep 14, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.0970 | 0.241% |
4 | Jun 15, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.0630 | 0.159% |
5 | Mar 16, 2023 | Mar 17, 2023 | Mar 22, 2023 | $0.0800 | 0.228% |
FAQ
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