(FMIL) Fidelity New Millennium - Ratings and Ratios

Fidelity® New Millennium ETF (BATS:FMIL) is an actively managed exchange-traded fund that focuses on identifying and capitalizing on long-term shifts in the market landscape. By analyzing various factors such as technological advancements, innovative products, economic trends, demographic changes, and social attitudes, the fund targets companies poised to benefit from these emerging opportunities, often leading to investments in smaller and mid-cap issuers across domestic and international markets.

The funds investment strategy is centered around recognizing early indicators of significant market changes, allowing it to potentially capitalize on growth opportunities. This approach enables FMIL to diversify its portfolio across various market segments, including smaller companies that may exhibit higher growth potential. As a result, the funds holdings can be quite dynamic, reflecting the ever-changing landscape of emerging trends and market shifts.

From a technical analysis perspective, the current price of FMIL is $43.89, indicating a potential bullish trend given its position above the 20-day Simple Moving Average (SMA) of $42.11 and near the 50-day SMA of $43.21. However, its below the 200-day SMA of $45.05, suggesting a longer-term downtrend. The Average True Range (ATR) of 1.24, or 2.83%, signifies moderate volatility. Considering these technical indicators, a potential trading range could be established between the 52-week high of $48.24 and low of $38.73.

Combining technical and fundamental insights, a forecast for FMIL could be derived. Given its AUM of $643.12M USD, the fund has a considerable presence in the market. If the current price continues to rise above the 50-day SMA and subsequently breaks through the 200-day SMA, it could signal a strong uptrend, potentially targeting the 52-week high. Conversely, failure to sustain the current price level could lead to a decline towards the 52-week low. As such, a prudent strategy might involve closely monitoring the funds price action relative to its SMAs and adjusting positions accordingly.

Looking ahead, the success of FMIL will largely depend on its ability to identify and invest in companies that are at the forefront of long-term market changes. With its flexible investment approach and focus on emerging opportunities, the fund is well-positioned to capitalize on growth areas. Investors should keep a close eye on the funds performance relative to its technical indicators and overall market trends to make informed decisions.