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FGRO
ETF ticker:
BATS
AS OF
Aug 16 closing price
Price
$15.50
Change
-$0.06 (-0.39%)
Net Assets
65.06M

FGRO Price Prediction, Fidelity® Growth Opportunities ETF AI Recommendations

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A.I.Advisor
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12:00 AM EDT Aug 16, 2022

FGRO in upward trend: 10-day moving average moved above 50-day moving average on July 28, 2022

The 10-day moving average for FGRO crossed bullishly above the 50-day moving average on July 28, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In 3 of 3 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 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 15, 2022. You may want to consider a long position or call options on FGRO as a result. In of 24 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

FGRO moved above its 50-day moving average on July 27, 2022 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FGRO advanced for three days, in of 85 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 59 cases where FGRO 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 has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 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 FGRO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FGRO broke above its upper Bollinger Band on July 20, 2022. 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
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published price charts
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published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), Tesla (NASDAQ:TSLA), NVIDIA Corp (NASDAQ:NVDA), Exxon Mobil Corp (NYSE:XOM), Freeport-McMoran (NYSE:FCX), Roku (NASDAQ:ROKU).

Industry description

The investment seeks long-term growth of capital. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. Instead, the advisor publishes each business day on its website a "Tracking Basket," which is designed to closely track the daily performance of the fund but is not the fund's actual portfolio. The fund normally invests primarily in equity securities. It invests in domestic and foreign issuers. The fund is non-diversified.

Market Cap

The average market capitalization across the Fidelity® Growth Opportunities ETF ETF is 800.35B. The market cap for tickers in the group ranges from 11.6B to 2.18T. MSFT holds the highest valuation in this group at 2.18T. The lowest valued company is ROKU at 11.6B.

High and low price notable news

The average weekly price growth across all stocks in the Fidelity® Growth Opportunities ETF ETF was 5%. For the same ETF, the average monthly price growth was 16%, and the average quarterly price growth was -10%. NVDA experienced the highest price growth at 10%, while TMUS experienced the biggest fall at 1%.

Volume

The average weekly volume growth across all stocks in the Fidelity® Growth Opportunities ETF ETF was -53%. For the same stocks of the ETF, the average monthly volume growth was -54% and the average quarterly volume growth was -45%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 73
P/E Growth Rating: 62
Price Growth Rating: 39
SMR Rating: 66
Profit Risk Rating: 40
Seasonality Score: -19 (-100 ... +100)
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FGRO
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
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published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
82 Devonshire StreetBoston
Phone
N/A
Web
www.institutional.fidelity.com

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FGRO and

Correlation & Price change

A.I.dvisor indicates that over the last year, FGRO has been closely correlated with SCHG. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if FGRO jumps, then SCHG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FGRO
1D Price
Change %
FGRO100%
-0.26%
SCHG - FGRO
87%
Closely correlated
-0.25%
QQQ - FGRO
87%
Closely correlated
-0.23%
VUG - FGRO
86%
Closely correlated
-0.05%
IWF - FGRO
86%
Closely correlated
+0.01%
SPYG - FGRO
85%
Closely correlated
-0.03%
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