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FDHY
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
255.25M

FDHY Fidelity® High Yield Factor ETF Forecast, Technical & Fundamental Analysis

Category HighYieldBond
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FDHY with price predictions
07:00 PM EST Nov 27, 2023

FDHY in +0.31% Uptrend, rising for three consecutive days on November 28, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where FDHY advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on FDHY as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for FDHY just turned positive on October 27, 2023. Looking at past instances where FDHY's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

FDHY moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FDHY crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 293 cases where FDHY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FDHY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FDHY broke above its upper Bollinger Band on November 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks a high level of income. The fund normally invests at least 80% of its assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds). The advisor uses the ICE® BofA® BB-B US High Yield Constrained Index as a guide in structuring the fund and selecting its investments as it relates to credit quality distribution and risk characteristics. The fund normally invests primarily in securities rated BB or B by S&P, Ba or B by Moody's, comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by FMR to be of comparable quality.
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A.I. Advisor
published General Information

General Information

Category HighYieldBond

Profile
Fundamentals
Details
Category
High Yield Bond
Address
82 Devonshire StreetBoston
Phone
N/A
Web
www.institutional.fidelity.com
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FDHY and

Correlation & Price change

A.I.dvisor indicates that over the last year, FDHY has been closely correlated with HYLB. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if FDHY jumps, then HYLB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FDHY
1D Price
Change %
FDHY100%
+0.13%
HYLB - FDHY
88%
Closely correlated
+0.29%
HYG - FDHY
86%
Closely correlated
+0.44%
JNK - FDHY
86%
Closely correlated
+0.37%
USHY - FDHY
85%
Closely correlated
+0.34%
SHYG - FDHY
83%
Closely correlated
+0.29%
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