Fidelity Global Core Plus Bond ETF (FCGB.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:FCGB - CA31623G1063 - ETF
We assign a technical rating of 4 out of 10 to FCGB. In the last year, FCGB was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is only medium, FCGB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 21.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.56, a Stop Loss order could be placed below this zone.
More info and screens
20.80
2 important support areas can be observed.
- Support @21.56 from a horizontal line in the daily time frame.
- Support @21.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.76 to 22.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.73 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for FCGB.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FCGB.CA is neutral. |
| ChartMill Relative Strength | 36.68 | NEUTRAL | FCGB.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FCGB.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FCGB.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FCGB.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.58 | NEUTRAL | The RSI value for FCGB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FCGB.CA has a negative trend. |
| Stochastics (14,3) | 37.37 | NEUTRAL | The Stochastics value for FCGB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for FCGB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.18 | NEGATIVE | The low ADX value for FCGB.CA suggests a weak or negative trend. |
Fidelity Global Core Plus Bond ETF
TSX:FCGB (3/27/2024, 7:00:00 PM)
21.74
-0.03 (-0.14%)
Fidelity Global Core Plus Bond ETF / FCGB.CA FAQ
Can you provide the ChartMill technical rating for Fidelity Global Core Plus Bond ETF?
ChartMill assigns a technical rating of 4 / 10 to FCGB.CA.
Can you provide the trend direction for Fidelity Global Core Plus Bond ETF?
The current trend direction for Fidelity Global Core Plus Bond ETF (FCGB.CA) is Bullish.
Can you provide the RSI signal for Fidelity Global Core Plus Bond ETF?
Fidelity Global Core Plus Bond ETF (FCGB.CA) has an RSI value of 47.5848. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Fidelity Global Core Plus Bond ETF?
The MACD indicator for Fidelity Global Core Plus Bond ETF (FCGB.CA) has a value of -0.0044726, indicating a bearish trend.
What is the short term momentum for FCGB stock?
The short term momentum for Fidelity Global Core Plus Bond ETF (FCGB.CA) is neutral.