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FGRO
ETF ticker: BATS
AS OF
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Net Assets
182.08M

FGRO Fidelity® Growth Opportunities ETF Forecast, Technical & Fundamental Analysis

Category LargeGrowth
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FGRO with price predictions
08:00 PM EDT Sep 28, 2023

FGRO in upward trend: price may ascend as a result of having broken its lower Bollinger Band on September 20, 2023

FGRO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 26 cases where FGRO's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FGRO's RSI Indicator exited the oversold zone, of 17 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FGRO advanced for three days, in of 159 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 14, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FGRO as a result. In of 44 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for FGRO turned negative on September 15, 2023. 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 20 similar instances when the indicator turned negative. In of the 20 cases the stock turned lower in the days that followed. This puts the odds of success at .

FGRO moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for FGRO crossed bearishly below the 50-day moving average on September 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 7 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 .

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 .

The Aroon Indicator for FGRO entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), Eli Lilly & Co (NYSE:LLY), VISA (NYSE:V).

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 154.98B. The market cap for tickers in the group ranges from 21.32M to 2.67T. AAPL holds the highest valuation in this group at 2.67T. The lowest valued company is CZOO at 21.32M.

High and low price notable news

The average weekly price growth across all stocks in the Fidelity® Growth Opportunities ETF ETF was 31%. For the same ETF, the average monthly price growth was 21%, and the average quarterly price growth was 357%. SE experienced the highest price growth at 22%, while MORF experienced the biggest fall at -38%.

Volume

The average weekly volume growth across all stocks in the Fidelity® Growth Opportunities ETF ETF was 2%. For the same stocks of the ETF, the average monthly volume growth was 0% and the average quarterly volume growth was -19%

Fundamental Analysis Ratings

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

Valuation Rating: 66
P/E Growth Rating: 69
Price Growth Rating: 55
SMR Rating: 68
Profit Risk Rating: 65
Seasonality Score: -33 (-100 ... +100)
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A.I. Advisor
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%
+0.00%
SCHG - FGRO
87%
Closely correlated
+0.01%
VUG - FGRO
87%
Closely correlated
+0.10%
SPYG - FGRO
87%
Closely correlated
-0.25%
QQQ - FGRO
87%
Closely correlated
+0.07%
IWF - FGRO
87%
Closely correlated
-0.09%
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