Fidelity Investment Grade Securitized ETF Forecast
Fidelity Investment Grade Securitized ETF price ended at $42.44 on Tuesday, after losing 0%.
(Updated on Jun 25, 2024)
No changes to the price of Fidelity Investment Grade Securitized ETF on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $42.44 to a day high of $42.44. The price has been going up and down for this period, and there has been a -0.13% loss for the last 2 weeks.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $42.63 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Fidelity Investment Grade Securitized ETF with a 90% probability to be traded between $41.60 and $43.37 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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FSEC Signals & Forecast
The Fidelity Investment Grade Securitized 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 $42.31 and $41.85. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -0.134%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Fidelity Investment Grade Securitized ETF
Fidelity Investment Grade Securitized finds support from accumulated volume at $41.90 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 0.0269%
Our recommended stop-loss: $40.90 (-3.63%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (FSEC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Fidelity Investment Grade Securitized Etf to open at $42.44, and during the day (based on 14 day Average True Range), to move between $42.26 and $42.62, which gives a possible trading interval of +/-$0.180 (+/-0.42%) up or down from last closing price. If Fidelity Investment Grade Securitized Etf takes out the full calculated possible swing range there will be an estimated 0.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.48 (0.09%) than the support at $41.90 (1.28%), 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 Investment Grade Securitized Etf ETF A Buy?
Fidelity Investment Grade Securitized holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Fidelity Investment Grade Securitized Etf of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$42.44 ( 0%) | $42.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSEC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 42.44 | - |
R2 | 42.44 | - |
R1 | 42.44 | - |
Price | 42.44 | |
S1 | 42.44 | - |
S2 | 42.44 | - |
S3 | 42.44 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 42.50 | 0.134% |
R1 | 42.48 | 0.0872% |
Price | 42.44 | |
S1 | 41.90 | -1.28% |
S2 | 41.55 | -2.10% |
S3 | 41.25 | -2.81% |
FSEC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Apr 26, 2024 | May 01, 2024 | $0.131 | 0.318% |
2 | Mar 22, 2024 | Mar 26, 2024 | Apr 01, 2024 | $0.121 | 0.289% |
3 | Feb 26, 2024 | Feb 27, 2024 | Mar 01, 2024 | $0.123 | 0.292% |
4 | Jan 26, 2024 | Jan 29, 2024 | Feb 01, 2024 | $0.121 | 0.281% |
5 | Dec 26, 2023 | Dec 27, 2023 | Jan 02, 2024 | $0.128 | 0.299% |
FAQ
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