FDHY Stock Fidelity Enhanced High Yield ETF (FDHY, $48.83) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 6, 2024

GET DAILY SIGNALS

Get AI intraday signals

FDHY - Fidelity Enhanced High Yield ETF

MACD signal

View

Odds of UP Trend

Price: $48.83

Daily change: +$0.2 (+0.41%)

Daily volume: 27K

Net Assets: $348.7M

FDHY's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for FDHY turned positive on November 06, 2024. Looking at past instances where FDHY's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 04, 2024. You may want to consider a long position or call options on FDHY as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

FDHY moved above its 50-day moving average on November 05, 2024 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, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FDHY advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where FDHY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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 06, 2024. 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.

The Aroon Indicator for FDHY entered a downward trend on November 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.