FIDELITY HEDGED EQUITY ETF (FHEQ) Stock Technical Analysis
NYSEARCA:FHEQ • US31624J7458
Overall FHEQ gets a technical rating of 3 out of 10. In the last year, FHEQ was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- FHEQ 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 FHEQ is lagging the market slightly.
- When comparing the performance of all stocks over the past year, FHEQ turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- In the last month FHEQ has a been trading in a tight range between 30.44 and 31.80.
- Considerably lower volume is observed in the last couple of days.
FHEQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 30.89, a Stop Loss order could be placed below this zone.
More info and screens
25.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.97 to 30.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.34 from a horizontal line in the daily time frame.
- Support @25.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.78 to 31.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 FHEQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FHEQ is neutral. |
| ChartMill Relative Strength | 54.81 | NEUTRAL | FHEQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FHEQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FHEQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FHEQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.86 | NEUTRAL | The RSI value for FHEQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FHEQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.51 | NEUTRAL | The Stochastics value for FHEQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for FHEQ suggests low volalility. |
| Average Directional Index/ADX (14) | 12 | NEGATIVE | The low ADX value for FHEQ suggests a weak or negative trend. |
30.68
-0.27 (-0.87%)
FIDELITY HEDGED EQUITY ETF / FHEQ FAQ
What is the ChartMill technical rating of FIDELITY HEDGED EQUITY ETF (FHEQ) stock?
ChartMill assigns a technical rating of 4 / 10 to FHEQ.
What is the trend direction for FHEQ stock?
The current trend direction for FIDELITY HEDGED EQUITY ETF (FHEQ) is Bullish.
Can you provide the RSI signal for FIDELITY HEDGED EQUITY ETF?
FIDELITY HEDGED EQUITY ETF (FHEQ) has an RSI value of 50.8626. This indicates that the stock is currently neutral.
What are the support and resistance levels for FIDELITY HEDGED EQUITY ETF (FHEQ) stock?
FIDELITY HEDGED EQUITY ETF (FHEQ) has a support level at 30.89 and a resistance level at 30.95. Check the full technical report for our detailed analysis of FHEQ support and resistance levels.