Fidelity Quality Factor ETF Forecast
Stronger technical forecast for Fidelity Quality Factor ETF price after Wednesday trading.
(Updated on May 08, 2024)
The Fidelity Quality Factor ETF price gained 0.0173% on the last trading day (Wednesday, 8th May 2024), rising from $57.79 to $57.80. During the last trading day the ETF fluctuated 0.330% from a day low at $57.65 to a day high of $57.84. The price has risen in 6 of the last 10 days and is up by 1.9% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 126 thousand shares were bought and sold for approximately $7.28 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Fidelity Quality Factor ETF with a 90% probability to be traded between $55.90 and $59.33 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FQAL Signals & Forecast
Mostly positive signals in the chart today. The Fidelity Quality Factor ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $57.01 and $57.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.98%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Fidelity Quality Factor ETF
Fidelity Quality Factor finds support from accumulated volume at $56.40 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 $0.190 between high and low, or 0.330%. For the last week the ETF has had daily average volatility of 0.596%.
Our recommended stop-loss: $54.84 (-5.12%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (FQAL) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Fidelity Quality Factor ETF to open at $57.76, and during the day (based on 14 day Average True Range), to move between $57.21 and $58.39, which gives a possible trading interval of +/-$0.588 (+/-1.02%) up or down from last closing price. If Fidelity Quality Factor ETF takes out the full calculated possible swing range there will be an estimated 2.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.98 (0.31%) than the support at $56.40 (2.42%), 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 Quality Factor ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Fidelity Quality Factor ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.941 Buy Candidate Upgraded
Predicted Opening Price for Fidelity Quality Factor ETF of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$57.76 ( 0.0634%) | $57.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FQAL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 57.95 | 0.265 % | |
R2 | 57.88 | 0.140 % | ||
R1 | 57.84 | 0.0621 % | ||
Current price: | 57.80 | |||
Support | S1 | 57.69 | -0.189 % | |
S2 | 57.65 | -0.267 % | ||
S3 | 57.57 | -0.392 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.37 | 0.99 % | |
R2 | 58.11 | 0.536 % | ||
R1 | 57.98 | 0.311 % | ||
Current price | 57.80 | |||
Support | S1 | 56.40 | -2.42% | |
S2 | 56.18 | -2.80% | ||
S3 | 56.01 | -3.09% |
FQAL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.159 | 0.272% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.177 | 0.328% |
3 | Sep 14, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.180 | 0.356% |
4 | Jun 15, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.180 | 0.362% |
5 | Mar 16, 2023 | Mar 17, 2023 | Mar 22, 2023 | $0.198 | 0.436% |
FAQ
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