Fidelity Value Factor ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Fidelity Value Factor
(Updated on May 10, 2024)
The Fidelity Value Factor ETF price gained 0.230% on the last trading day (Friday, 10th May 2024), rising from $56.53 to $56.66. It has now gained 7 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.433% from a day low at $56.52 to a day high of $56.77. The price has risen in 8 of the last 10 days and is up by 2.15% 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, 34 thousand more shares were traded than the day before. In total, 131 thousand shares were bought and sold for approximately $7.45 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 2.03% during the next 3 months and, with a 90% probability hold a price between $55.74 and $58.77 at the end of this 3-month period.
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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
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $56.65 ( 0.0206%) | $56.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FVAL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.89 | 0.412 % | |
| R2 | 56.80 | 0.247 % | ||
| R1 | 56.74 | 0.145 % | ||
| Current price: | 56.66 | |||
| Support | S1 | 56.55 | -0.186 % | |
| S2 | 56.50 | -0.288 % | ||
| S3 | 56.40 | -0.453 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.05 | 0.688 % | |
| R2 | 56.86 | 0.360 % | ||
| R1 | 56.86 | 0.354 % | ||
| Current price | 56.66 | |||
| Support | S1 | 56.53 | -0.229% | |
| S2 | 56.43 | -0.406% | ||
| S3 | 54.65 | -3.55% |
FVAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.249 | 0.440% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.247 | 0.471% |
| 3 | Sep 14, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.200 | 0.409% |
| 4 | Jun 15, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.207 | 0.429% |
| 5 | Mar 16, 2023 | Mar 17, 2023 | Mar 22, 2023 | $0.242 | 0.549% |
FAQ
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