Fidelity Low Duration Bond Factor ETF Forecast

Fidelity Low Duration Bond Factor ETF price down 0.421% on Friday
(Updated on Apr 26, 2024)

FLDR 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 Factor 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 $49.91 and $49.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -0.788%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Monday, December 04, 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 Low Duration Bond Factor 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.

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 $0.0400 between high and low, or 0.0805%. For the last week the ETF has had daily average volatility of 0.132%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FLDR) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Fidelity Low Duration Bond Factor ETF to open at $49.72, and during the day (based on 14 day Average True Range), to move between $49.64 and $49.79, which gives a possible trading interval of +/-$0.0790 (+/-0.16%) up or down from last closing price. If Fidelity Low Duration Bond Factor ETF takes out the full calculated possible swing range there will be an estimated 0.32% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $49.88, some $0.165 (0.33%) from the current price of $49.72, our system finds the risk reward not very attractive.

Is Fidelity Low Duration Bond Factor ETF ETF A Buy?

Fidelity Low Duration Bond Factor holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -2.526 Sell Candidate Unchanged

Predicted Opening Price for Fidelity Low Duration Bond Factor ETF of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.