Fidelity Msci Real Estate Index Etf ETF Forecast
Fidelity Msci Real Estate Index Etf ETF price up 0.84% on Friday
(Updated on Jun 28, 2024)
The Fidelity Msci Real Estate Index Etf ETF price gained 0.84% on the last trading day (Friday, 28th Jun 2024), rising from $25.13 to $25.34. During the last trading day the ETF fluctuated 1.19% from a day low at $25.13 to a day high of $25.43. The price has fallen in 6 of the last 10 days but is still up by 0.04% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 129 thousand shares were bought and sold for approximately $3.27 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 in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.19% during the next 3 months and, with a 90% probability hold a price between $24.69 and $26.47 at the end of this 3-month period.
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FREL Signals & Forecast
Mostly positive signals in the chart today. The Fidelity Msci Real Estate Index Etf 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 $25.14 and $25.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 4.37%. 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 Wednesday, June 12, 2024 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 Wednesday, June 12, 2024 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 Real Estate Index Etf ETF
Fidelity Msci Real Estate Index Etf finds support from accumulated volume at $25.32 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 $0.300 between high and low, or 1.19%. For the last week the ETF has had daily average volatility of 1.28%.
Our recommended stop-loss: $24.21 (-4.47%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (FREL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Fidelity Msci Real Estate Index Etf to open at $25.30, and during the day (based on 14 day Average True Range), to move between $25.02 and $25.66, which gives a possible trading interval of +/-$0.315 (+/-1.24%) up or down from last closing price. If Fidelity Msci Real Estate Index Etf takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.32 (0.08%) than the resistance at $25.60 (1.03%), 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 Real Estate Index Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fidelity Msci Real Estate Index Etf ETF to perform well in the short-term.
Current score: 1.558 Buy Candidate Unchanged
Predicted Opening Price for Fidelity Msci Real Estate Index Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.30 ( 0.158%) | $25.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FREL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.60 | 1.03% |
| R2 | 25.49 | 0.574% |
| R1 | 25.41 | 0.294% |
| Price | 25.34 | |
| S1 | 25.19 | -0.610% |
| S2 | 25.11 | -0.89% |
| S3 | 25.00 | -1.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.92 | 2.29% |
| R2 | 25.64 | 1.18% |
| R1 | 25.60 | 1.03% |
| Price | 25.34 | |
| S1 | 25.32 | -0.0789% |
| S2 | 24.68 | -2.60% |
| S3 | 24.52 | -3.24% |
FREL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.250 | 0.97% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.209 | 0.793% |
| 3 | Sep 14, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.225 | 0.94% |
| 4 | Jun 15, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.231 | 0.96% |
| 5 | Mar 16, 2023 | Mar 17, 2023 | Mar 22, 2023 | $0.328 | 1.42% |
FAQ
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