FIDELITY DISRUPT MEDICIN ETF (FMED) Stock Technical Analysis
USA - NASDAQ:FMED - US3160921470 - ETF
Taking everything into account, FMED scores 7 out of 10 in our technical rating. Although FMED is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although FMED has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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22.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.25 to 25.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.18 to 24.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.96 to 23.62. 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 26.15 to 26.77. 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 FMED is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMED is neutral. |
| ChartMill Relative Strength | 56.62 | NEUTRAL | FMED is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FMED is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMED is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FMED is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.5 | NEUTRAL | The RSI value for FMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests FMED has a negative trend. |
| Stochastics (14,3) | 16.65 | OVERSOLD | The low Stochastics value suggests FMED may be oversold. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for FMED suggests low volalility. |
| Average Directional Index/ADX (14) | 25.01 | POSITIVE | The high ADX value value for FMED suggests a strong trend. |
25.505
-0.45 (-1.73%)
FIDELITY DISRUPT MEDICIN ETF / FMED FAQ
Can you provide the ChartMill technical rating for FIDELITY DISRUPT MEDICIN ETF?
ChartMill assigns a technical rating of 7 / 10 to FMED.
Can you provide the trend direction for FIDELITY DISRUPT MEDICIN ETF?
The current trend direction for FIDELITY DISRUPT MEDICIN ETF (FMED) is Bullish.
Can you provide the RSI signal for FIDELITY DISRUPT MEDICIN ETF?
FIDELITY DISRUPT MEDICIN ETF (FMED) has an RSI value of 41.5032. This indicates that the stock is currently neutral.
What is the short term momentum for FIDELITY DISRUPT MEDICIN ETF (FMED) stock?
The short term momentum for FIDELITY DISRUPT MEDICIN ETF (FMED) is neutral.