Fidelity Sustainable High Yield Etf ETF Forecast
Fidelity Sustainable High Yield Etf ETF price up 0.126% on Tuesday
(Updated on Jun 25, 2024)
The Fidelity Sustainable High Yield Etf ETF price gained 0.126% on the last trading day (Tuesday, 25th Jun 2024), rising from $46.83 to $46.89. During the last trading day the ETF fluctuated 0.192% from a day low at $46.82 to a day high of $46.91. The price has risen in 5 of the last 10 days and is up by 0.56% 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, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $165.38 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Fidelity Sustainable High Yield Etf ETF with a 90% probability to be traded between $47.06 and $47.56 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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FSYD Signals & Forecast
The Fidelity Sustainable High Yield 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 $46.83 and $46.68. 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). Fidelity Sustainable High Yield Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, June 12, 2024, and so far it has fallen -0.0452%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Fidelity Sustainable High Yield Etf ETF
Fidelity Sustainable High Yield Etf finds support from accumulated volume at $46.87 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 $0.0900 between high and low, or 0.192%. For the last week the ETF has had daily average volatility of 0.256%.
Our recommended stop-loss: $45.13 (-3.75%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (FSYD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Fidelity Sustainable High Yield Etf to open at $46.87, and during the day (based on 14 day Average True Range), to move between $46.72 and $47.06, which gives a possible trading interval of +/-$0.172 (+/-0.37%) up or down from last closing price. If Fidelity Sustainable High Yield Etf takes out the full calculated possible swing range there will be an estimated 0.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.89 (0.00%) than the support at $46.87 (0.04%), 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 Sustainable High Yield 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 Sustainable High Yield Etf ETF to perform well in the short-term period.
Current score: 1.300 Buy Candidate Unchanged
Predicted Opening Price for Fidelity Sustainable High Yield Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $46.87 ( 0.0338%) | $46.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSYD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.96 | 0.158% |
| R2 | 46.93 | 0.0848% |
| R1 | 46.91 | 0.0395% |
| Price | 46.89 | |
| S1 | 46.84 | -0.107% |
| S2 | 46.82 | -0.152% |
| S3 | 46.78 | -0.226% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 46.91 | 0.0452% |
| R1 | 46.89 | 0.0026% |
| Price | 46.89 | |
| S1 | 46.87 | -0.0401% |
| S2 | 46.66 | -0.499% |
| S3 | 46.53 | -0.765% |
FSYD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Apr 26, 2024 | May 01, 2024 | $0.263 | 0.571% |
| 2 | Mar 22, 2024 | Mar 26, 2024 | Apr 01, 2024 | $0.226 | 0.485% |
| 3 | Feb 26, 2024 | Feb 27, 2024 | Mar 01, 2024 | $0.238 | 0.511% |
| 4 | Jan 26, 2024 | Jan 29, 2024 | Feb 01, 2024 | $0.220 | 0.471% |
| 5 | Dec 26, 2023 | Dec 27, 2023 | Jan 02, 2024 | $0.321 | 0.692% |
FAQ
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