FTEC Stock Summary and Trading Ideas (Fidelity MSCI Information Technology Index ETF | ARCA:FTEC)

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology 25/50 Index.

Fidelity MSCI Information Technology Index ETF trades on the ARCA stock market under the symbol FTEC.

As of April 24, 2024, FTEC stock price climbed to $147.19 with 125,619 million shares trading.

FTEC has a beta of 1.39, meaning it tends to be more sensitive to market movements. FTEC has a correlation of 0.74 to the broad based SPY ETF.

FTEC has a market cap of $9.14 billion. This is considered a Mid Cap stock.

In the last 3 years, FTEC stock traded as high as $159.43 and as low as $86.19.

FTEC has outperformed the market in the last year with a return of +32.7%, while the SPY ETF gained +24.2%. However, in the most recent history, FTEC shares have underperformed the stock market with its stock returning -1.7% in the last 3 month period and -4.7% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

FTEC support price is $144.80 and resistance is $148.92 (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 FTEC stock will trade within this expected range on the day.