Fidelity MSCI Consumer Staples Index ETF Forecast
Fidelity MSCI Consumer Staples Index ETF price ended at $47.12 on Friday, after gaining 0.362%.
(Updated on May 03, 2024)
The Fidelity MSCI Consumer Staples Index ETF price gained 0.362% on the last trading day (Friday, 3rd May 2024), rising from $46.95 to $47.12. During the last trading day the ETF fluctuated 0.83% from a day low at $46.80 to a day high of $47.19. 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, 33 thousand more shares were traded than the day before. In total, 79 thousand shares were bought and sold for approximately $3.71 million.
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 2.13% during the next 3 months and, with a 90% probability hold a price between $46.56 and $49.01 at the end of this 3-month period.
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FSTA Signals & Forecast
The Fidelity MSCI Consumer Staples Index 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 $46.93 and $46.65. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, April 24, 2024, and so far it has fallen -0.0424%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Fidelity MSCI Consumer Staples Index ETF
Fidelity MSCI Consumer Staples Index finds support from accumulated volume at $46.31 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 $0.390 between high and low, or 0.83%. For the last week the ETF has had daily average volatility of 0.81%.
Our recommended stop-loss: $45.48 (-3.47%) (This ETF has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (FSTA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Fidelity MSCI Consumer Staples Index ETF to open at $47.04, and during the day (based on 14 day Average True Range), to move between $46.69 and $47.55, which gives a possible trading interval of +/-$0.427 (+/-0.91%) up or down from last closing price. If Fidelity MSCI Consumer Staples Index ETF takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.15 (0.06%) than the support at $46.31 (1.72%), 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 MSCI Consumer Staples 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 Consumer Staples Index ETF to perform well in the short-term.
Current score: 2.660 Buy Candidate Unchanged
Predicted Opening Price for Fidelity MSCI Consumer Staples Index ETF of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$47.04 ( 0.177%) | $47.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSTA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.43 | 0.651 % | |
R2 | 47.28 | 0.335 % | ||
R1 | 47.19 | 0.139 % | ||
Current price: | 47.12 | |||
Support | S1 | 46.89 | -0.493 % | |
S2 | 46.80 | -0.688 % | ||
S3 | 46.65 | -1.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.33 | 0.446 % | |
R2 | 47.29 | 0.361 % | ||
R1 | 47.15 | 0.0637 % | ||
Current price | 47.12 | |||
Support | S1 | 46.31 | -1.72% | |
S2 | 46.24 | -1.87% | ||
S3 | 45.63 | -3.16% |
FSTA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.279 | 0.589% |
2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0960 | 0.215% |
3 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.276 | 0.629% |
4 | Sep 14, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.283 | 0.641% |
5 | Jun 15, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.269 | 0.593% |
FAQ
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