Fidelity Low Duration Bond Etf ETF Forecast
Red day on Thursday for Fidelity Low Duration Bond Etf
(Updated on Jun 27, 2024)
The Fidelity Low Duration Bond Etf ETF price fell by -0.308% on the last day (Thursday, 27th Jun 2024) from $50.35 to $50.19. During the last trading day the ETF fluctuated 0% from a day low at $50.19 to a day high of $50.19. The price has been going up and down for this period, and there has been a -0.26% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -5 thousand shares and in total, 1 shares were bought and sold for approximately $50.19 .
The ETF has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $50.23 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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FLDB Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fidelity Low Duration Bond Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $50.32 and $50.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.377%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Fidelity Low Duration Bond Etf ETF
Fidelity Low Duration Bond Etf finds support from accumulated volume at $50.15 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0348%
Our recommended stop-loss: $47.37 (-5.62%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (FLDB) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Fidelity Low Duration Bond Etf to open at $50.19, and during the day (based on 14 day Average True Range), to move between $50.15 and $50.23, which gives a possible trading interval of +/-$0.0446 (+/-0.09%) up or down from last closing price. If Fidelity Low Duration Bond Etf takes out the full calculated possible swing range there will be an estimated 0.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.21 (0.04%) than the support at $50.15 (0.08%), 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 Low Duration Bond Etf ETF A Buy?
Fidelity Low Duration Bond Etf 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: -0.874 Hold/Accumulate Unchanged
Predicted Opening Price for Fidelity Low Duration Bond Etf of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$50.19 ( 0%) | $50.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLDB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 50.19 | - |
R2 | 50.19 | - |
R1 | 50.19 | - |
Price | 50.19 | |
S1 | 50.19 | - |
S2 | 50.19 | - |
S3 | 50.19 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 50.35 | 0.309% |
R2 | 50.25 | 0.120% |
R1 | 50.21 | 0.0398% |
Price | 50.19 | |
S1 | 50.15 | -0.0797% |
S2 | 50.11 | -0.159% |
S3 | 50.07 | -0.239% |
FLDB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 26, 2024 | Apr 26, 2024 | May 01, 2024 | $0.105 | 0.209% |
2 | Mar 26, 2024 | Mar 26, 2024 | Apr 01, 2024 | $0.194 | 0.387% |
FAQ
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