FMAT Fidelity MSCI Materials ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials 25/50 Index... Show more
FMAT in +1.67% Uptrend, advancing for three consecutive days on July 03, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where FMAT advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 26, 2025. You may want to consider a long position or call options on FMAT as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FMAT just turned positive on July 01, 2025. Looking at past instances where FMAT's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 336 cases where FMAT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FMAT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FMAT broke above its upper Bollinger Band on July 01, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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General Information
Category NaturalResources
FMAT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FMAT has been closely correlated with VAW. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if FMAT jumps, then VAW could also see price increases.
| Ticker / NAME | Correlation To FMAT | 1D Price Change % | ||
|---|---|---|---|---|
| FMAT | 100% | +0.10% | ||
| VAW - FMAT | 99% Closely correlated | +0.14% | ||
| XLB - FMAT | 98% Closely correlated | -0.07% | ||
| GNR - FMAT | 78% Closely correlated | -0.21% | ||
| GUNR - FMAT | 76% Closely correlated | +0.05% | ||
| COPX - FMAT | 58% Loosely correlated | -0.34% | ||
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