Fidelity MSCI Health Care Index ETF Forecast
Green day on Friday for Fidelity MSCI Health Care Index ETF after gaining 0.0444%
(Updated on May 10, 2024)
The Fidelity MSCI Health Care Index ETF price gained 0.0444% on the last trading day (Friday, 10th May 2024), rising from $67.59 to $67.62. During the last trading day the ETF fluctuated 0.518% from a day low at $67.54 to a day high of $67.89. The price has risen in 7 of the last 10 days and is up by 2.66% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 74 thousand shares were bought and sold for approximately $5.03 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 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 $68.14 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 -4.70% during the next 3 months and, with a 90% probability hold a price between $61.24 and $64.94 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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FHLC Signals & Forecast
Mostly positive signals in the chart today. The Fidelity MSCI Health Care Index 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 $67.02 and $66.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.82%. 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. The ETF had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Fidelity MSCI Health Care Index ETF
Fidelity MSCI Health Care Index finds support from accumulated volume at $67.10 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 $0.350 between high and low, or 0.518%. For the last week the ETF has had daily average volatility of 0.663%.
Our recommended stop-loss: $64.41 (-4.75%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (FHLC) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Fidelity MSCI Health Care Index ETF to open at $67.68, and during the day (based on 14 day Average True Range), to move between $67.00 and $68.24, which gives a possible trading interval of +/-$0.619 (+/-0.92%) up or down from last closing price. If Fidelity MSCI Health Care Index ETF takes out the full calculated possible swing range there will be an estimated 1.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $67.10 (0.77%) than the resistance at $68.76 (1.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fidelity MSCI Health Care Index ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 2.558 Buy Candidate Unchanged
Predicted Opening Price for Fidelity MSCI Health Care Index ETF of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$67.68 ( 0.0937%) | $67.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FHLC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 68.03 | 0.611 % | |
R2 | 67.90 | 0.414 % | ||
R1 | 67.82 | 0.291 % | ||
Current price: | 67.62 | |||
Support | S1 | 67.55 | -0.104 % | |
S2 | 67.47 | -0.226 % | ||
S3 | 67.33 | -0.424 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 69.77 | 3.18 % | |
R2 | 69.18 | 2.31 % | ||
R1 | 68.76 | 1.69 % | ||
Current price | 67.62 | |||
Support | S1 | 67.10 | -0.769% | |
S2 | 65.77 | -2.74% | ||
S3 | 65.67 | -2.88% |
FHLC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.238 | 0.346% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.224 | 0.354% |
3 | Sep 14, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.219 | 0.354% |
4 | Jun 15, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.229 | 0.363% |
5 | Mar 16, 2023 | Mar 17, 2023 | Mar 22, 2023 | $0.232 | 0.389% |
FAQ
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