FENY Stock Tickeron detected bullish ETF Pattern: Head-and-Shoulders Bottom FENY on October 01, 2024, netting in a 10.78% gain over 1 month

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FENY - Fidelity MSCI Energy ETF

Ticker: FENY

Company: Fidelity MSCI Energy ETF

Gain: +10.78%

Confirmed: 10/01/24

Succeeded: 11/20/24

Total length: 56 days

FENY's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for FENY turned positive on November 06, 2024. Looking at past instances where FENY's MACD turned positive, the stock continued to rise in of 44 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 05, 2024. You may want to consider a long position or call options on FENY as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

FENY moved above its 50-day moving average on November 04, 2024 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for FENY moved above the 200-day moving average on November 14, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FENY 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 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 FENY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FENY 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.