FCPI Stock Summary and Trading Ideas (Fidelity Stocks For Inflation ETF | BATS:FCPI)

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Stocks for Inflation Factor Index. Normally investing at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

Fidelity Stocks For Inflation ETF trades on the BATS stock market under the symbol FCPI.

As of April 18, 2024, FCPI stock price declined to $37.40 with 14,288 million shares trading.

FCPI has a beta of 0.84, meaning it tends to be less sensitive to market movements. FCPI has a correlation of 0.82 to the broad based SPY ETF.

FCPI has a market cap of $147.73 million. This is considered a Micro Cap stock.

In the last 3 years, FCPI stock traded as high as $39.63 and as low as $28.12.

FCPI has underperformed the market in the last year with a price return of +19.1% while the SPY ETF gained +22.3%. However, in the short term, FCPI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.9% vs +6.1% return in SPY. But in the last 2 weeks, FCPI shares have been beat by the market, returning -4.1% compared to an SPY return of -3.8%.

FCPI support price is $37.28 and resistance is $37.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FCPI stock will trade within this expected range on the day.