Fidelity MSCI Consumer Staples ETF (FSTA) Declines 0.43% for Aug 28

Elias Hubbard
August 31, 2017

The NYSE listed company saw a recent bid of 14.98 and 229601 shares have traded hands in the session. When markets are sinking, investors may feel like there is nothing that they can do. Many investors will set their sights on dips and corrections.

Investors may be intent on creating unique strategies when approaching the equity markets.

Currently, the 14-day ADX for Fidelity MSCI Information Technology Index ETF (FTEC) is sitting at 13.93.

We can also do some further technical analysis on the stock. Currently, the 14-day ADX for Fidelity MSCI Consumer Staples Index ETF (FSTA) is 19.20. In general, an ADX value from 0-25 would indicate an absent or weak trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. The ADX alone measures trend strength but not direction.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Chart analysts may also use the indicator to project possible price reversals and to define trends.

In terms of CCI levels, Telecom Italia SpA (TIAOF) now has a 14-day Commodity Channel Index (CCI) of -11.83. Smith Chas P & Associates PA Cpas now owns 171,326 shares of the exchange traded fund's stock worth $5,659,000 after buying an additional 18,108 shares in the last quarter.

The ETF's YTD performance is 0%, the 1 year is 0% and the 3 year is 0%. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. This range falls on a scale between 0 and 100. A reading from -80 to -100 would signal an oversold situation. First developed by J. Welles Wilder, the ATR may help traders in determining if there is heightened interest in a trend, or if extreme levels may be indicating a reversal. The company has a 50-day moving average of $33.06 and a 200 day moving average of $33.18. Moving averages are a popular trading tool among investors. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. Different time periods may be used when using the RSI indicator.

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