GET DAILY SIGNALSFidelity Cloud Computing ETF (FCLD) Declines -10.8% in Trailing 30 Days
Key Takeaways
- FCLD declined roughly 10.8% over the trailing 30 days, retreating from about $45.52 to near $40.61 as a sharp late-period selloff reversed earlier gains.
- Over the trailing quarter, the ETF was essentially flat (down less than 1%), having rallied strongly into early October before the recent correction erased the advance.
- The fund is a passively managed, concentrated cloud-computing strategy with nearly 89% of assets in technology and meaningful exposure to cyclical storage-hardware names.
- High beta (roughly 1.3–1.4 versus the S&P 500) and elevated annualized volatility amplified the recent move relative to the broader market.
- Largest holdings such as Microsoft, Salesforce, ServiceNow, Snowflake, and storage-equipment makers Seagate, Sandisk, and Western Digital drive most of the fund's day-to-day performance.
- Explore additional pages for this ticker's Price Targets and Forecast to dig deeper into valuation and outlook.
- For automated idea generation across the broader market, explore Trending AI Robots.
Fidelity Cloud Computing ETF (FCLD) Overview and Portfolio Exposure
The Fidelity Cloud Computing ETF (FCLD) is a passively managed, rules-based exchange-traded fund that seeks to track the Fidelity Cloud Computing Index. The index reflects a global, market-capitalization-weighted universe of companies that provide products or services enabling the adoption of cloud computing, including software, infrastructure, and data-center equipment providers. The fund normally invests at least 80% of its assets in index securities and depositary receipts, and it carries a net expense ratio of 0.39%.
The portfolio holds roughly 62 securities, with about $150 million in assets under management (AUM). It is non-diversified and heavily concentrated in information technology (about 88–89% of assets), with smaller allocations to real estate (about 6%) and communication services (about 3%). Top holdings include Microsoft (MSFT), Salesforce (CRM), ServiceNow (NOW), Snowflake (SNOW), and Datadog (DDOG), alongside storage-hardware providers such as Seagate Technology (STX), Sandisk (SNDK), Western Digital (WDC), and Dell Technologies (DELL).
This structure helps explain the ETF's recent volatility: a concentrated, high-beta technology book with meaningful cyclical hardware exposure tends to move more sharply than diversified benchmarks when market sentiment shifts. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
FCLD Price Performance: Last 30 Days vs. Quarter
Over the trailing 30 days, FCLD fell approximately 10.8%, from about $45.52 to roughly $40.61. The decline was not a straight line: the fund held near its 52-week highs in early October before a sharp, concentrated selloff in the final trading days of the month.
Over the trailing quarter, the picture is more muted. From roughly $40.78 in early August to about $40.61, the fund was essentially flat (down less than 1%). The quarter featured a strong advance through August and September, a peak near $46 in early-to-mid October, and a subsequent correction that gave back most of the rally.
What Drove FCLD Price in the Last 30 Days
The 30-day drawdown largely reflects a pullback in high-beta technology and cloud-infrastructure names after an extended advance. FCLD entered the period near multi-year highs, with annualized volatility historically above 25% and a beta of roughly 1.3–1.4 relative to the S&P 500, making it more sensitive to shifts in risk appetite than the broader market.
Storage-hardware holdings such as Seagate, Sandisk, Western Digital, and Dell, which together represent a notable share of the portfolio, are particularly cyclical and contributed outsized swings. A rotation out of richly valued cloud and AI-related software names, combined with profit-taking after the fund's strong run, pressured the largest software holdings, including Microsoft, Salesforce, ServiceNow, and Snowflake. Because the top holdings are tightly concentrated, weakness in a handful of mega-cap and storage names translated directly into fund-level losses.
What Drove FCLD Performance Over the Last Quarter
Across the quarter, FCLD's trajectory was driven less by a single catalyst than by sector rotation and the broader cloud-computing and artificial-intelligence investment cycle. The fund climbed steadily from late summer into early October as demand for data-center infrastructure, cloud software, and AI-driven computing capacity supported the underlying holdings, before momentum faded and valuations came under pressure.
The roughly flat quarterly result masks the composition of the move: gains were concentrated in a strong August–September advance, while the late-October correction reflected a broad de-risking across technology equities. Institutional positioning, elevated valuations after a prolonged uptrend, and sensitivity to interest-rate expectations all contributed to the reversal, underscoring how quickly this concentrated thematic fund can give back accumulated gains.
FCLD ETF Outlook: What Investors Should Watch Next
Going forward, the fund's direction is likely to hinge on several interrelated factors. The trajectory of cloud-computing spending, AI-driven data-center investment, and enterprise software demand will remain central, given the portfolio's heavy technology weighting. Earnings cycles among the largest holdings, particularly the storage-hardware names and mega-cap software providers, will set the near-term tone.
Macroeconomic conditions also matter: interest-rate expectations influence the valuation of long-duration, high-growth technology equities, and a sustained repricing in bond yields could pressure the fund's high-beta holdings. Inflation trends and the pace of economic growth will shape risk appetite more broadly. Investors should also monitor capital flows into thematic technology ETFs, which can amplify both rallies and selloffs in concentrated strategies, and watch for any regulatory or competitive developments in cloud and AI markets. As with any narrow thematic fund, concentration risk remains a key consideration.
Using Tickeron’s AI Screener for Thematic Research
In my analysis of concentrated thematic funds like this one, I often turn to Tickeron’s AI Screener to quickly compare volatility, beta, and sector exposure across similar ETFs. The platform lets me apply custom filters for technical signals, fundamentals, and industry trends so I can spot how FCLD stacks up against peers without manually reviewing dozens of charts. It has become a regular part of my routine when evaluating cloud and AI-related strategies.
Disclaimer
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Contributor
I’m a trader and independent researcher. My interest lies at the intersection of financial markets, algorithms, and capital management. I develop data-driven tools and strategies and study algorithmic approaches to market analysis. I help turn complex market data into clear insights and practical systems. I believe technology should support, not replace, investment thinking
FCLD in -8.39% downward trend, declining for three consecutive days on November 02, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FCLD declined for three days, in 241 of 283 cases, the price declined further within the following month. The odds of a continued downward trend are 85%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 29, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on FCLD as a result. In 70 of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 84%.
The Moving Average Convergence Divergence Histogram (MACD) for FCLD turned negative on October 29, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 39 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 76%.
FCLD moved below its 50-day moving average on October 29, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FCLD crossed bearishly below the 50-day moving average on October 22, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 16 of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 80%.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FCLD's RSI Indicator exited the oversold zone, 28 of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a +1.06% 3-day Advance, the price is estimated to grow further. Considering data from situations where FCLD advanced for three days, in 329 of 362 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
FCLD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 257 of 281 cases where FCLD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
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