+Compare
FSMD
ETF ticker: NYSE ARCA
AS OF
Loading...
Price
Loading...
Change
Loading...
Net Assets
136.87M

FSMD Fidelity® Small-Mid Multifactor ETF Forecast, Technical & Fundamental Analysis

Category SmallBlend
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for FSMD with price predictions
07:00 PM EST Dec 07, 2023

FSMD's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for FSMD turned positive on November 02, 2023. Looking at past instances where FSMD'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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on FSMD as a result. In of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

FSMD moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FSMD crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FSMD advanced for three days, in of 317 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 294 cases where FSMD 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 demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 17 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 FSMD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FSMD broke above its upper Bollinger Band on December 01, 2023. 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
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Dell Technologies (NASDAQ:DELL), EQT Corp (NASDAQ:EQT), Campbell Soup Company (NASDAQ:CPB), Owens Corning (NASDAQ:OC), Pure Storage (NASDAQ:PSTG), Chesapeake Energy Corp (NASDAQ:CHK), Five Below (NASDAQ:FIVE), NRG Energy (NASDAQ:NRG), C.H. Robinson Worldwide (NASDAQ:CHRW), Dropbox (NASDAQ:DBX).

Industry description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Multifactor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Multifactor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Market Cap

The average market capitalization across the Fidelity® Small-Mid Multifactor ETF ETF is 4.66B. The market cap for tickers in the group ranges from 139.35M to 53.87B. DELL holds the highest valuation in this group at 53.87B. The lowest valued company is VTYX at 139.35M.

High and low price notable news

The average weekly price growth across all stocks in the Fidelity® Small-Mid Multifactor ETF ETF was 1%. For the same ETF, the average monthly price growth was 8%, and the average quarterly price growth was 5%. DCPH experienced the highest price growth at 14%, while DCGO experienced the biggest fall at -13%.

Volume

The average weekly volume growth across all stocks in the Fidelity® Small-Mid Multifactor ETF ETF was -22%. For the same stocks of the ETF, the average monthly volume growth was -13% and the average quarterly volume growth was 0%

Fundamental Analysis Ratings

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

Valuation Rating: 56
P/E Growth Rating: 48
Price Growth Rating: 49
SMR Rating: 57
Profit Risk Rating: 58
Seasonality Score: 23 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
Ad is loading...
A.I. Advisor
published General Information

General Information

Category SmallBlend

Profile
Fundamentals
Details
Category
Small Blend
Address
82 Devonshire StreetBoston
Phone
N/A
Web
www.institutional.fidelity.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
MFs / NAMEPrice $Chg $Chg %
MXEQX27.230.14
+0.52%
Empower Large Cap Value Inv
SSMEX10.170.04
+0.39%
Steward Values Enhanced SmMidCapIndex C
AWSCX13.020.03
+0.23%
Invesco Global Core Equity C
GINGX18.010.03
+0.17%
Goldman Sachs U.S. Equity ESG Ins
FZAAX26.350.04
+0.15%
Fidelity Advisor® Balanced Z

FSMD and

Correlation & Price change

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FSMD
1D Price
Change %
FSMD100%
+0.41%
FNDA - FSMD
96%
Closely correlated
+0.60%
IJR - FSMD
94%
Closely correlated
+0.63%
SPSM - FSMD
94%
Closely correlated
+0.54%
SCHA - FSMD
94%
Closely correlated
+0.64%
VB - FSMD
94%
Closely correlated
+0.57%
More