Fidelity Municipal Income Fund Technical Analysis
| FROGX Fund | USD 12.10 0.01 0.08% |
As of the 18th of April 2024, Fidelity Municipal shows the Variance of 0.0469, standard deviation of 0.2165, and Mean Deviation of 0.152. Fidelity Municipal technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Fidelity Municipal Income, which can be compared to its peers. Please confirm Fidelity Municipal market risk adjusted performance and treynor ratio to decide if Fidelity Municipal is priced favorably, providing market reflects its regular price of 12.1 per share.
Fidelity Municipal Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Fidelity, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FidelityFidelity |
Fidelity Municipal technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Fidelity Municipal Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Fidelity Municipal volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Fidelity Municipal Trend Analysis
Use this graph to draw trend lines for Fidelity Municipal Income. You can use it to identify possible trend reversals for Fidelity Municipal as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Fidelity Municipal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Fidelity Municipal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Fidelity Municipal Income applied against its price change over selected period. The best fit line has a slop of 0 , which may suggest that Fidelity Municipal Income market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Fidelity Municipal price change compared to its average price change.About Fidelity Municipal Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Fidelity Municipal Income on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Fidelity Municipal Income based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Fidelity Municipal price pattern first instead of the macroeconomic environment surrounding Fidelity Municipal. By analyzing Fidelity Municipal's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Fidelity Municipal's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Fidelity Municipal specific price patterns or momentum indicators. Please read more on our technical analysis page.
Fidelity Municipal April 18, 2024 Technical Indicators
Most technical analysis of Fidelity help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Fidelity from various momentum indicators to cycle indicators. When you analyze Fidelity charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | 1.61 | |||
| Mean Deviation | 0.152 | |||
| Coefficient Of Variation | (1,607) | |||
| Standard Deviation | 0.2165 | |||
| Variance | 0.0469 | |||
| Information Ratio | (0.32) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 1.6 | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.2475 | |||
| Skewness | (0.16) | |||
| Kurtosis | 1.86 |
Fidelity Municipal One Year Return
Based on the recorded statements, Fidelity Municipal Income has an One Year Return of 1.7615%. This is 52.52% lower than that of the Fidelity Investments family and significantly higher than that of the Muni National Long category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Fidelity Municipal April 18, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Fidelity stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | (Huge) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 12.10 | ||
| Day Typical Price | 12.10 | ||
| Price Action Indicator | 0.00 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Municipal Income. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Fidelity Municipal information on this page should be used as a complementary analysis to other Fidelity Municipal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.