(FIDI) Fidelity International - Ratings and Ratios

Fidelity International High Dividend ETF (FIDI) is an exchange-traded fund that focuses on investing in large- and mid-capitalization international companies with a history of paying high dividends and a potential for continued dividend growth. The funds investment strategy is centered around tracking the Fidelity International High Dividend Index, which comprises stocks of developed international markets that have demonstrated a commitment to distributing a significant portion of their earnings to shareholders.

The ETFs underlying index is designed to capture the performance of companies that not only pay high dividends but are also expected to sustain and potentially increase their dividend payouts over time. This makes FIDI an attractive option for income-seeking investors looking to diversify their portfolios with international equities. By investing in FIDI, investors gain exposure to a diversified basket of high-dividend stocks across various international markets, potentially reducing their reliance on any single stock or region.

From a technical analysis perspective, FIDIs recent price action indicates a bullish trend, with the ETF trading above its 20-day, 50-day, and 200-day simple moving averages (SMA20: $22.44, SMA50: $21.76, SMA200: $20.61). The Average True Range (ATR) of 0.38, or 1.68%, suggests moderate volatility. Given the current price of $22.83, which is also its 52-week high, and considering the upward trend indicated by the moving averages, its plausible that FIDI could continue to appreciate in the short term, potentially targeting new highs. However, investors should be cautious of potential pullbacks, as any break below the SMA20 could signal a shift in trend.

Combining technical and fundamental insights, a forecast for FIDI could involve a continued upward trajectory, driven by the funds underlying investment strategy and the overall trend in international high-dividend stocks. With $120.19M in Assets Under Management (AUM), FIDI has a solid foundation, and its focus on high-dividend international stocks positions it well for investors seeking income. If the trend continues and the index constituents maintain their dividend payments and growth, FIDI could potentially reach new highs, possibly testing resistance levels above $23.00. Conversely, a downturn in international markets or a shift in investor sentiment away from high-dividend stocks could negatively impact FIDIs performance.