(FCCV) Fidelity Canadian Value - Ratings and Ratios

The Fidelity Canadian Value ETF (FCCV) is an exchange-traded fund that focuses on Canadian equities with a value investment strategy. It is designed to track the Morningstar Canada GR CAD Index, which comprises a broad range of Canadian stocks with strong fundamentals and relatively low valuations.

By analyzing the ETFs technical data, we can observe that its current price is 15.30 CAD, which is above its short-term (SMA20: 14.85) and medium-term (SMA50: 14.87) moving averages, indicating a positive trend. The long-term trend (SMA200: 14.77) also supports this observation, as the current price is higher than the SMA200. The Average True Range (ATR) is 0.25, representing a daily volatility of 1.63%. This suggests that the ETF is experiencing a moderate level of price fluctuations.

Fundamentally, the Fidelity Canadian Value ETF has Assets Under Management (AUM) of 302.61 million CAD, indicating a relatively modest size compared to other ETFs in the Canadian equity category. However, its size is still substantial enough to provide decent liquidity.

Based on the technical and fundamental data, a forecast for FCCV can be constructed. Given its current trend and relatively stable volatility, it is likely that the ETF will continue to trade within a narrow range in the short term. If the SMA20 and SMA50 continue to rise, it could be a bullish signal, potentially driving the price towards the 52-week high of 15.53. Conversely, a decline below the SMA50 could indicate a bearish trend, potentially pushing the price towards the 52-week low of 12.92. Therefore, a reasonable forecast is that FCCV will trade between 15.00 and 15.50 in the near term, with a potential breakout above 15.53 or below 14.77 in the longer term.