Fidelity Value Factor ETF Forecast

Fidelity Value Factor ETF price up 0.230% on Friday
(Updated on May 10, 2024)

FVAL Signals & Forecast

Mostly positive signals in the chart today. The Fidelity Value Factor 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 $55.99 and $55.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 3.96%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Fidelity Value Factor ETF

Fidelity Value Factor finds support from accumulated volume at $56.53 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 $0.245 between high and low, or 0.433%. For the last week the ETF has had daily average volatility of 0.521%.

Since the Fidelity Value Factor has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $54.03 (-4.65%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (FVAL) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Fidelity Value Factor ETF to open at $56.65, and during the day (based on 14 day Average True Range), to move between $56.14 and $57.18, which gives a possible trading interval of +/-$0.519 (+/-0.92%) up or down from last closing price. If Fidelity Value Factor ETF takes out the full calculated possible swing range there will be an estimated 1.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $56.53 (0.23%) than the resistance at $56.86 (0.35%), 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 Value Factor 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 Value Factor ETF to perform well in the short-term.

Current score: 4.659 Buy Candidate Unchanged

Predicted Opening Price for Fidelity Value Factor ETF of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.