Fidelity MSCI Consumer Staples Index ETF Forecast
Red day on Friday for Fidelity MSCI Consumer Staples Index ETF after losing 0.328%
(Updated on May 17, 2024)
The Fidelity MSCI Consumer Staples Index ETF price fell by -0.328% on the last day (Friday, 17th May 2024) from $48.77 to $48.61. During the last trading day the ETF fluctuated 0.350% from a day low at $48.55 to a day high of $48.72. The price has risen in 6 of the last 10 days and is up by 3.16% over the past 2 weeks. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 103 thousand shares were bought and sold for approximately $5.03 million.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $48.79 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.64% during the next 3 months and, with a 90% probability hold a price between $47.06 and $50.08 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 $48.30 and $46.90. 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, May 16, 2024, and so far it has fallen -0.328%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Fidelity MSCI Consumer Staples Index ETF
Fidelity MSCI Consumer Staples Index finds support from accumulated volume at $48.15 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 $0.170 between high and low, or 0.350%. For the last week the ETF has had daily average volatility of 0.625%.
Our recommended stop-loss: $47.30 (-2.68%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FSTA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Fidelity MSCI Consumer Staples Index ETF to open at $48.63, and during the day (based on 14 day Average True Range), to move between $48.21 and $49.01, which gives a possible trading interval of +/-$0.399 (+/-0.82%) 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 1.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $48.77 (0.33%) than the support at $48.15 (0.95%), 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?
Fidelity MSCI Consumer Staples Index 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: 0.599 Hold/Accumulate Unchanged
Predicted Opening Price for Fidelity MSCI Consumer Staples Index ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $48.63 ( 0.0344%) | $48.61 |
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 | 48.80 | 0.384 % | |
| R2 | 48.73 | 0.250 % | ||
| R1 | 48.69 | 0.168 % | ||
| Current price: | 48.61 | |||
| Support | S1 | 48.56 | -0.0992 % | |
| S2 | 48.52 | -0.182 % | ||
| S3 | 48.46 | -0.315 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 48.77 | 0.329 % | ||
| Current price | 48.61 | |||
| Support | S1 | 48.15 | -0.95% | |
| S2 | 46.31 | -4.73% | ||
| S3 | 46.24 | -4.88% |
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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