Fidelity Emerging Markets Quality Income ETF Forecast
Fidelity Emerging Markets Quality Income ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Fidelity Emerging Markets Quality Income ETF price gained 0.784% on the last trading day (Friday, 28th Jun 2024), rising from 4.97€ to 5.01€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.760% from a day low at 5.00€ to a day high of 5.04€. The price has risen in 7 of the last 10 days and is up by 1.76% 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, 10 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately 51.73€ thousand.
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 5.06€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 4.49% during the next 3 months and, with a 90% probability hold a price between 5.00€ and 5.29€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FYEQ.F Signals & Forecast
The Fidelity Emerging Markets Quality Income 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 5.00€ and 4.90€. 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). Fidelity Emerging Markets Quality Income 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. The very low volume increases the risk and reduces the other technical signals issued. 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, June 20, 2024, and so far it has fallen -0.476%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, June 06, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, June 06, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Fidelity Emerging Markets Quality Income ETF
Fidelity Emerging Markets Quality Income finds support from accumulated volume at 4.90€ 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 0.0380€ between high and low, or 0.760%. For the last week the ETF has had daily average volatility of 0.636%.
Our recommended stop-loss: 4.83€ (-3.68%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (FYEQ.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Fidelity Emerging Markets Quality Income Ucits Etf to open at 5.02€, and during the day (based on 14 day Average True Range), to move between 4.97€ and 5.06€, which gives a possible trading interval of +/-0.0434€ (+/-0.86%) up or down from last closing price. If Fidelity Emerging Markets Quality Income Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.04€ (0.48%) than the support at 4.90€ (2.25%), 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 Emerging Markets Quality Income Ucits 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 Emerging Markets Quality Income ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.919 Buy Candidate Upgraded
Predicted Opening Price for Fidelity Emerging Markets Quality Income Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
5.02€ ( 0.0399%) | 5.01€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FYEQ.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.05 | 0.798% |
R2 | 5.04 | 0.508% |
R1 | 5.03 | 0.329% |
Price | 5.01 | |
S1 | 5.00 | -0.250% |
S2 | 4.99 | -0.429% |
S3 | 4.98 | -0.718% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 5.04 | 0.479% |
Price | 5.01 | |
S1 | 4.90 | -2.25% |
S2 | 4.89 | -2.45% |
S3 | 4.72 | -5.84% |
FYEQ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 16, 2024 | May 16, 2024 | May 23, 2024 | 0.0494€ | 0% |
2 | Feb 16, 2024 | Feb 16, 2024 | Feb 23, 2024 | 0.0306€ | 0% |
3 | Nov 16, 2023 | Nov 16, 2023 | Nov 24, 2023 | 0.0246€ | 0% |
4 | Aug 17, 2023 | Aug 17, 2023 | Aug 24, 2023 | 0.0750€ | 0% |
5 | May 19, 2023 | May 19, 2023 | May 30, 2023 | 0.0427€ | 0% |
FAQ
Click here for our free guide on how to buy Fidelity Emerging Markets Quality Income Ucits Etf ETF.