Fidelity U.s. Dividend For Rising Rates ETF Forecast
Green day on Wednesday for Fidelity U.s. Dividend For Rising Rates ETF after gaining 0.0841%
(Updated on Jul 03, 2024)
The Fidelity U.s. Dividend For Rising Rates ETF price gained 0.0841% on the last trading day (Wednesday, 3rd Jul 2024), rising from $35.67 to $35.70. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.0280% from a day low at $35.70 to a day high of $35.71. The price has risen in 5 of the last 10 days but is still down by -0.72% for this period.
The ETF lies in the middle of a narrow and weak 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 7.98% during the next 3 months and, with a 90% probability hold a price between $38.06 and $39.78 at the end of this 3-month period.
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FCRH.TO Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -1.11%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Fidelity U.s. Dividend For Rising Rates 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 $35.67 and $34.85. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Fidelity U.s. Dividend For Rising Rates ETF
Fidelity U.s. Dividend For Rising Rates finds support from accumulated volume at $35.66 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0100 between high and low, or 0.0280%. For the last week the ETF has had daily average volatility of 0.0168%
Our recommended stop-loss: $34.47 (-3.44%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (FCRH.TO) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Fidelity U.s. Dividend For Rising Rates Currency Neutral Index Etf to open at $35.70, and during the day (based on 14 day Average True Range), to move between $35.54 and $35.86, which gives a possible trading interval of +/-$0.160 (+/-0.45%) up or down from last closing price. If Fidelity U.s. Dividend For Rising Rates Currency Neutral Index Etf takes out the full calculated possible swing range there will be an estimated 0.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.73 (0.08%) than the support at $35.66 (0.11%), 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 U.s. Dividend For Rising Rates Currency Neutral 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 U.s. Dividend For Rising Rates ETF to perform well in the short-term.
Current score: 3.608 Buy Candidate Unchanged
Predicted Opening Price for Fidelity U.s. Dividend For Rising Rates Currency Neutral Index Etf of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
$35.70 ( 0.0093%) | $35.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCRH.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.71 | 0.0373% |
R2 | 35.71 | 0.0266% |
R1 | 35.71 | 0.0200% |
Price | 35.70 | |
S1 | 35.70 | -0.0014% |
S2 | 35.70 | -0.0080% |
S3 | 35.69 | -0.0187% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 36.10 | 1.12% |
R2 | 35.96 | 0.728% |
R1 | 35.73 | 0.0840% |
Price | 35.70 | |
S1 | 35.66 | -0.112% |
S2 | 33.51 | -6.13% |
S3 | 33.02 | -7.51% |
FAQ
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