FLTB Fidelity Limited Term Bond ETF Forecast, Technical & Fundamental Analysis
Aroon Indicator for FLTB shows an upward move is likely
FLTB's Aroon Indicator triggered a bullish signal on December 20, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 291 similar instances where the Aroon Indicator showed a similar pattern. In of the 291 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 48 cases where FLTB's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on FLTB as a result. In of 78 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 FLTB just turned positive on January 03, 2025. Looking at past instances where FLTB'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 .
FLTB moved above its 50-day moving average on December 26, 2024 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 FLTB advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
General Information
Category ShortTermBond
FLTB and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FLTB has been closely correlated with IGSB. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if FLTB jumps, then IGSB could also see price increases.
| Ticker / NAME | Correlation To FLTB | 1D Price Change % | ||
|---|---|---|---|---|
| FLTB | 100% | -0.25% | ||
| IGSB - FLTB | 85% Closely correlated | N/A | ||
| SPSB - FLTB | 81% Closely correlated | N/A | ||
| BSV - FLTB | 70% Closely correlated | -0.04% | ||
| LMBS - FLTB | 67% Closely correlated | +0.04% | ||
| ISTB - FLTB | 67% Closely correlated | N/A | ||
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