Fidelity MSCI Utilities ETF (:FUTY) on the Investor Radar: 20 Day Upper Keltner at 36.37931

Successful traders and investors often learn how to develop disciplined strategies. Trading strategies can range from very simple to highly complex. Whatever the strategy choice, investors who stay the course may have a better chance of coming out a winner in the stock market. Traders may try to avoid getting trapped into a sour situation. Being able to stomach some losses along the way may not be easy, but it may help sustain profits in the long run. Making the best possible decision is typically what many investors attempt to accomplish. Often times, it may take some bad trades to get to the good ones. Combining the study of company fundamentals with technical stock charts may lead to increased overall knowledge about a particular name. Technical analysts will often be following price action tick by tick with the hopes of capitalizing on a defined trend. 

Traders following shares of Fidelity MSCI Utilities ETF (:FUTY) may have noted that the stock most recently closed at 36.607. Going back a full-year, the stock has seen a change of -0.44329616 over that stretch. Taking the focus in to more recent action, shares have seen a move of 2.4832027 over the last week. Over the prior month, the stock has moved 3.8496454. Over the past three months, the stock has moved 3.8201928.

Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings on shares of Fidelity MSCI Utilities ETF (:FUTY):

Ichimoku Cloud Base Line: 36.02905
Ichimoku Cloud Conversion Line: 36.2076
Ichimoku Lead 1: 35.78
Ichimoku Lead 2: 35.55

There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels, we can see that the 10 day is 36.14643, the 20 day is 36.080814, and the 30 day is 36.072807. Tracking some other time periods, we note that the 50 day SMA is 35.831814 , the 100 day is 35.51594 , and the 200 day SMA is currently 35.332214.

Tracking some one month stock pivot points, we note that the Classic Pivot is 35.983368, the Classic resistance 1 is 36.444733, and the Classic support 1 is presently 35.258633. The Fibonacci one month pivot is 35.983368 while the Fibonacci support 1 pivot is 35.530277, and the Fibonacci support 2 is 35.25036. Looking at one month Woodie pivot, we note the level at 35.957523. The Woodie support 1 pivot is 35.20695, and the Woodie resistance 1 pivot is 36.39305.

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 0.15966941. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.

Tracking the Hull Moving Average for Fidelity MSCI Utilities ETF (:FUTY), we note that the current level is 36.37646. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.

Expanding the technical focus for Fidelity MSCI Utilities ETF (:FUTY), we see that the Keltner Channels 20 day upper band is 36.37931, and the 20 day lower band is35.825806. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

There are many factors that may influence stock price action. One of the most influential factors is company earnings. Company earnings reports can be extremely important for investors. Earnings reports have the ability to let investors know how well or poorly a company has been performing. Investors may try to capitalize on trading around earnings announcements. This can be a very tricky venture and may be quite risky. Studying stock price movements around earnings reports can sometimes be confusing. Often times a company will post better than expected numbers but the stock will drop in price. On the other side, shares may see a bounce even after disappointing results. Analysts try to project what numbers the company will post, but they may not be accurate for a variety of reasons. Following analyst estimates around earnings reports may be helpful, but it may be wise to proceed with caution if only going on what the analysts are saying.