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FQAL
ETF ticker: NYSE ARCA
AS OF
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Net Assets
310.09M

FQAL Fidelity® Quality Factor ETF Forecast, Technical & Fundamental Analysis

Category LargeBlend
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FQAL with price predictions
08:00 PM EDT Oct 02, 2023

FQAL in -1.25% downward trend, declining for three consecutive days on October 03, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FQAL declined for three days, in of 261 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FQAL as a result. In of 65 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 FQAL turned negative on September 18, 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 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

FQAL 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 FQAL crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 .

The Aroon Indicator for FQAL entered a downward trend on October 03, 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.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for FQAL's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

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 FQAL advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .

FQAL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call 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:GOOGL), Tesla (NASDAQ:TSLA), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), Unitedhealth Group (NYSE:UNH), VISA (NYSE:V), Exxon Mobil Corp (NYSE:XOM), Johnson & Johnson (NYSE:JNJ).

Industry description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index℠. The fund normally invests at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index℠, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market. It invests in lending securities to earn income for the fund.

Market Cap

The average market capitalization across the Fidelity® Quality Factor ETF ETF is 148.05B. The market cap for tickers in the group ranges from 1.31B to 2.7T. AAPL holds the highest valuation in this group at 2.7T. The lowest valued company is HE at 1.31B.

High and low price notable news

The average weekly price growth across all stocks in the Fidelity® Quality Factor ETF ETF was 9%. For the same ETF, the average monthly price growth was 16%, and the average quarterly price growth was 62%. OLN experienced the highest price growth at 6%, while NEE experienced the biggest fall at -19%.

Volume

The average weekly volume growth across all stocks in the Fidelity® Quality Factor ETF ETF was 1%. For the same stocks of the ETF, the average monthly volume growth was 11% and the average quarterly volume growth was 4%

Fundamental Analysis Ratings

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

Valuation Rating: 59
P/E Growth Rating: 48
Price Growth Rating: 52
SMR Rating: 42
Profit Risk Rating: 45
Seasonality Score: 33 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeBlend

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

Correlation & Price change

A.I.dvisor indicates that over the last year, FQAL has been closely correlated with SPY. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if FQAL jumps, then SPY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FQAL
1D Price
Change %
FQAL100%
-1.04%
SPY - FQAL
96%
Closely correlated
-1.34%
IVV - FQAL
96%
Closely correlated
-1.33%
VTI - FQAL
96%
Closely correlated
-1.45%
VOO - FQAL
95%
Closely correlated
-1.34%
VIG - FQAL
93%
Closely correlated
-0.96%