Why it might be a good time to load ETF (ONEQ)?
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In my previous article I have shared about how I will invest in $Fidelity NASDAQ Composite Index ETF(ONEQ)$ , looking how things have started to unfold.
It might be a good time to load ONEQ. The constituents in this ETFs have been doing pretty normal and hence, ONEQ has enjoyed an uptrend over the past week.
There are some adjustment but price stay above $47.70. Which I am looking to enter at a pivot point of $47.85
ONEQ Technical Analysis - Moving Averages
Fidelity Nasdaq Composite Index ETF’s (ONEQ) 10-Day exponential moving average is 47.73, while Fidelity Nasdaq Composite Index ETF’s (ONEQ) share price is $48.33, making it a Buy.
Fidelity Nasdaq Composite Index ETF’s (ONEQ) 100-Day exponential moving average is 45.89, while Fidelity Nasdaq Composite Index ETF’s (ONEQ) share price is $48.33, making it a Buy.
Fidelity Nasdaq Composite Index ETF’s (ONEQ) stock price is $48.33 and Fidelity Nasdaq Composite Index ETF’s (ONEQ) 50-day simple moving average is 46.62, creating a Buy signal.
Fidelity Nasdaq Composite Index ETF’s (ONEQ) stock price is $48.33 and Fidelity Nasdaq Composite Index ETF’s (ONEQ) 100-day simple moving average is 45.21, creating a Buy signal.
Fidelity Nasdaq Composite Index ETF’s (ONEQ) stock price is $48.33 and Fidelity Nasdaq Composite Index ETF’s (ONEQ) 200-day simple moving average is 44.94, creating a Buy signal.
I am aiming for entry at around $47.85.
ONEQ Pivot Point
Both Classic and Fibonacci has returned a pivot point of 47.85, which I will use it as my target price for entry.
Final Scoring and Sentiment
The scoring have given a Outperform score of 8, but the consensus is a moderate buy which I believe make sense.
The average price target by the analysts might not be possible in the near term.
Summary
As part of my defensive strategy I have been holding onto this ETF, and will load up when going into defensive in view of market experiencing mild volatility in the near term.
These constituents in ONEQ would be expected to do well over the next few weeks.
I would look forward to load up at price ($47.85).
Appreciate if you could share your thoughts in the comment section on whether you think it is a good time to buy or load up ONEQ.
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Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
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Nothing wrong with SCHB. I have SCHB and ONEQ and fund both. ONEQ is large growth and SCHB is a blend. There is an overlap/duplication but I'm fine with that.
FNCMX has 1,749 more stocks then ONEX so if your happy so am I
Can't believe I'm selling all of ONEQ. but I'm buying more of SCHB
Can't believe I'm selling all of ONEQ. but I'm buying more of SCHB!!
Sold 1760 shares at 42.80. I will rebuy on the dip
Tech stock flying so keep holding these ETFs!!
Wish they would make some stocks the top holding.
Check this lut