FIDELITY BLUE CHIP GROW ETF (FBCG) Technical Analysis
NYSEARCA:FBCG • US3160923526
Current stock price
FBCG Technical Rating and Analysis
Taking everything into account, FBCG scores 6 out of 10 in our technical rating. In the last year, FBCG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that FBCG is one of the better performing stocks in the market, outperforming 77% of all stocks.
- FBCG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FBCG is lagging the market slightly.
- In the last month FBCG has a been trading in the 47.60 - 54.78 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FBCG Weekly and Daily overview Charts
FBCG Setup Rating and Analysis
FBCG has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
FBCG Support and Resistance Analysis
47.33
3 important support areas can be observed.
- Support @54.24 from a horizontal line in the daily time frame.
- A support zone ranging from 51.28 to 52.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.81 to 49.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.55 to 56.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
FBCG Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FBCG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBCG is up. |
| ChartMill Relative Strength | 77.71 | POSITIVE | FBCG has a high relative strength, it outperformed 77.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBCG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FBCG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBCG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.09 | NEUTRAL | The RSI value for FBCG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests FBCG has a positive trend. |
| Stochastics (14,3) | 98.1 | OVERBOUGHT | The high Stochastics value suggests FBCG may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for FBCG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.2 | POSITIVE | The high ADX value value for FBCG suggests a strong trend. |
FBCG Chart- and CandleStick Pattern Analysis
FBCG Technicals: Chart, Performance Metrics, Trend & Indicators
54.69
+0.6 (+1.11%)
FIDELITY BLUE CHIP GROW ETF / FBCG TA FAQ
What is the technical rating for FBCG stock?
ChartMill assigns a technical rating of 6 / 10 to FBCG.
What is the trend direction for FBCG stock?
The current trend direction for FIDELITY BLUE CHIP GROW ETF (FBCG) is Bearish.
What is the RSI signal for FIDELITY BLUE CHIP GROW ETF (FBCG) stock?
FIDELITY BLUE CHIP GROW ETF (FBCG) has an RSI value of 65.0922. This indicates that the stock is currently neutral.
What is the short term momentum for FBCG stock?
The short term momentum for FIDELITY BLUE CHIP GROW ETF (FBCG) is positive.