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FTEC Stock Fidelity MSCI Information Tech ETF (FTEC, $191.54) Aroon Indicator entered an Uptrend on December 17, 2024.

A.I.dvisor
at Tickeron.com
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FTEC - Fidelity MSCI Information Tech ETF
Aroon signal
Bullish Trend
Odds of UP Trend
Tickeron
Aroon signal
Price: $191.54
Daily change: -$1.24 (-0.64%)
Daily volume: 278.3K
Net Assets: $13.7B
Over the last three days, A.I.dvisor has detected that FTEC's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. A.I.dvisor backtested this indicator and found 418 similar cases, of which were successful. Based on this data, the odds of success are

Momentum Indicator for FTEC turns positive, indicating new upward trend

FTEC saw its Momentum Indicator move above the 0 level on November 29, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned positive. In of the 76 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for FTEC just turned positive on December 02, 2024. Looking at past instances where FTEC's MACD turned positive, the stock continued to rise in of 46 cases 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 FTEC advanced for three days, in of 375 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 418 cases where FTEC 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 10-day RSI Indicator for FTEC moved out of overbought territory on December 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTEC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FTEC broke above its upper Bollinger Band on December 04, 2024. 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.

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FTEC
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