Fidelity MSCI Consumer Discretionary ETF Forecast
Red day on Friday for Fidelity MSCI Consumer Discretionary ETF after losing 0.772%
(Updated on Apr 19, 2024)
The Fidelity MSCI Consumer Discretionary ETF price fell by -0.772% on the last day (Friday, 19th Apr 2024) from $76.39 to $75.80. It has now fallen 6 days in a row. During the last trading day the ETF fluctuated 1.41% from a day low at $75.48 to a day high of $76.54. The price has fallen in 7 of the last 10 days and is down by -5.5% for this period. Volume has increased on the last day by 32 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 81 thousand shares were bought and sold for approximately $6.15 million.
Given the current short-term trend, the ETF is expected to rise 2.71% during the next 3 months and, with a 90% probability hold a price between $77.85 and $85.30 at the end of this 3-month period.
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FDIS Signals & Forecast
There are few to no technical positive signals at the moment. The Fidelity MSCI Consumer Discretionary ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $77.65 and $80.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -8.11%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Fidelity MSCI Consumer Discretionary ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $1.06 (1.41%) between high and low. For the last week, the ETF has had daily average volatility of 1.57%.
Fidelity MSCI Consumer Discretionary is oversold on RSI14 (21). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $72.59 (-4.23%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 21 which reduces the risk some. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (FDIS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Fidelity MSCI Consumer Discretionary Index ETF to open at $75.94, and during the day (based on 14 day Average True Range), to move between $74.69 and $76.91, which gives a possible trading interval of +/-$1.11 (+/-1.46%) up or down from last closing price. If Fidelity MSCI Consumer Discretionary Index ETF takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $76.73, some $0.93 (1.23%) from the current price of $75.80, our system finds the risk reward not very attractive.
Is Fidelity MSCI Consumer Discretionary Index ETF ETF A Buy?
Fidelity MSCI Consumer Discretionary holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.691 Hold/Accumulate Unchanged
Predicted Opening Price for Fidelity MSCI Consumer Discretionary Index ETF of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$75.94 ( 0.187%) | $75.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDIS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 77.01 | 1.59 % | |
R2 | 76.60 | 1.05 % | ||
R1 | 76.35 | 0.723 % | ||
Current price: | 75.80 | |||
Support | S1 | 75.53 | -0.350 % | |
S2 | 75.28 | -0.681 % | ||
S3 | 74.88 | -1.22 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 80.60 | 6.33 % | |
R2 | 77.31 | 1.99 % | ||
R1 | 76.73 | 1.23 % | ||
Current price | 75.80 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FDIS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.170 | 0.208% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.151 | 0.192% |
3 | Sep 14, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.144 | 0.199% |
4 | Jun 15, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.146 | 0.202% |
5 | Mar 16, 2023 | Mar 17, 2023 | Mar 22, 2023 | $0.174 | 0.279% |
FAQ
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