FSMD Fidelity® Small-Mid Multifactor ETF Forecast, Technical & Fundamental Analysis
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 .
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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category SmallBlend
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MXEQX | 27.23 | 0.14 | +0.52% |
| Empower Large Cap Value Inv | |||
| SSMEX | 10.17 | 0.04 | +0.39% |
| Steward Values Enhanced SmMidCapIndex C | |||
| AWSCX | 13.02 | 0.03 | +0.23% |
| Invesco Global Core Equity C | |||
| GINGX | 18.01 | 0.03 | +0.17% |
| Goldman Sachs U.S. Equity ESG Ins | |||
| FZAAX | 26.35 | 0.04 | +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.
| Ticker / NAME | Correlation To FSMD | 1D Price Change % | ||
|---|---|---|---|---|
| FSMD | 100% | +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% | ||
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