Fidelity Freedom Index Income Fund - Investor Class · NASDAQ:FIKFX
Fidelity Freedom Index Income Fund - Investor Class — Fidelity Investments — Investor Presentation (September 2020)
43 slides from Fidelity Freedom Index Income Fund - Investor Class's investor presentation, September 2020
Slide 1: Understanding Indicators in Technical Analysis
A Fidelity Investments Webinar Series Understanding Indicators in Technical Analysis BROKERAGE: TECHNICAL ANALYSIS
Slide 2: Technical Analysis Webinar Series
Getting Started with Technical Analysis Learn the assumptions that guide technical analysis, and get to know the basics of trend trading. Understanding Indicators in Technical Analysis Identify the various types of technical indicators, including trend, momentum, volume, volatility, and support and
Slide 3: About Our Coauthor
Charles D. Kirkpatrick II, CMT Charles D. Kirkpatrick II, CMT, is president of Kirkpatrick & Company, Inc., a technical analysis research firm that publishes the Market Strategist investment newsletter. A past instructor in finance at the School of Business Administration at Fort Lewis College and a
Slide 4: Agenda
BROKERAGE: TECHNICAL ANALYSIS Support & Technical Resistance Indicators Indicators Basics Volatility Trend Indicators Indicators Volume Momentum Indicators Indicators Agenda 4 Technical Indicators Basics
Slide 5: Technical Indicator Basics
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Slide 6: What Is a Technical Indicator?
BROKERAGE: TECHNICAL ANALYSIS What Is a Technical Indicator? A technical indicator is a mathematical calculation based on historic price or volume. 6
Slide 7: Types of Technical Indicators
Trend Indicators Simple Moving Average (SMA), Exponential Moving Average (EMA), Moving Average Convergence/Divergence (MACD), Average Directional Movement Index (ADX) Momentum Indicators Stochastic Oscillator, Relative Strength Index (RSI) Types of Volume Indicators Technical On Balance Volume (OBV)
Slide 8: Trend Indicators
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Slide 9: Simple Moving Average How It Works
BROKERAGE: TECHNICAL ANALYSIS TREND INDICATOR Simple Moving Average How It Works Simple Moving Determine trend direction Average (SMA) • If the SMA is positively sloping, the trend is up. • If the SMA is negatively sloping, the trend is down. This is the easiest moving average to construct. It is De
Slide 10: Simple Moving Average
BROKERAGE: TECHNICAL ANALYSIS TREND INDICATOR Simple Moving Average Using moving average crossovers to generate trading signals When a more sensitive (faster) SMA crosses above a less sensitive (slower) SMA from below, it is considered bullish. When a more sensitive (faster) SMA crosses below a less
Slide 11: Exponential Moving Average How It Works
BROKERAGE: TECHNICAL ANALYSIS TREND INDICATOR Exponential Moving Average How It Works Exponential Identify trends earlier Moving Average • Use the same rules that apply to SMAs when interpreting EMAs. Keep in mind that EMAs are generally more sensitive to nearer-term (EMA) price movement. The EMA me
Slide 12: Exponential Moving Average
BROKERAGE: TECHNICAL ANALYSIS TREND INDICATOR Exponential Moving Average Both the EMA and the SMA here represent 30 days. EMA reacts faster to the first pullback and the subsequent rally. 12
Slide 13: Moving Average Convergence/Divergence How It Works
BROKERAGE: TECHNICAL ANALYSIS TREND INDICATOR Moving Average Convergence/Divergence How It Works Moving Average Determine bullish or bearish Convergence/ • MACD crossing above the zero line is considered bullish, while crossing below the zero line is bearish. When MACD turns up from Divergence below
Slide 14: Moving Average Convergence/Divergence
BROKERAGE: TECHNICAL ANALYSIS TREND INDICATOR Moving Average Convergence/Divergence A. Bullish B. Bullish C. Bearish D. Bearish 14
Slide 15: Average Directional Movement Index How It Works
BROKERAGE: TECHNICAL ANALYSIS TREND INDICATOR Average Directional Movement Index How It Works Average Measure strength of trend Directional • A strong trend is present when ADX is above 25; no trend is present when ADX is below 20. Movement Index • If the ADX is declining, it could indicate that the
Slide 16: Average Directional Movement Index
BROKERAGE: TECHNICAL ANALYSIS TREND INDICATOR Average Directional Movement Index ADX is less then 25 on the left side of the chart. +DM is greater than -DMI throughout the uptrend, though this is not a requirement. ADX has fallen below 25 on the right side of the chart and -DM has crossed up above +
Slide 17: Momentum Indicators
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Slide 18: Overbought/Oversold in Oscillators
BROKERAGE: TECHNICAL ANALYSIS Overbought/Oversold in Oscillators • In bounded indicators, also called “oscillators,” • In some cases, the reaching of extreme levels a limit exists as to how high or low they can reach. indicates that a new trend has begun. In these • When the oscillator reaches a zon
Slide 19: Stochastic Oscillator How It Works
BROKERAGE: TECHNICAL ANALYSIS MOMENTUM INDICATOR Stochastic Oscillator How It Works Stochastic Determine exit and entry Oscillator • Generally, the area above 80 indicates an overbought region, while the area below 20 is considered an oversold region. The Stochastic Oscillator is a • A sell signal i
Slide 20: Stochastic Oscillator
BROKERAGE: TECHNICAL ANALYSIS MOMENTUM INDICATOR Stochastic Oscillator This example is using a Slow Stochastic; note the effectiveness of the signals during the sideways trend. Divergences between price and oscillators can also generate signals. 20
Slide 21: Relative Strength Index How It Works
BROKERAGE: TECHNICAL ANALYSIS MOMENTUM INDICATOR Relative Strength Index How It Works Relative Strength Determine the speed and change of price Index (RSI) • The RSI oscillates from zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. RSI measures t
Slide 22: Relative Strength Index
BROKERAGE: TECHNICAL ANALYSIS MOMENTUM INDICATOR Relative Strength Index Overbought and oversold signals on the chart indicate price movement in the short term. 22
Slide 23: Volume Indicators
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Slide 24: General Rules of Volume Theory
Increasing volume reinforces the trend direction. Declining volume diminishes the trend direction. General Rules of A price peak or trough on ultrahigh volume is often an important reversal Volume point in a trend. Theory Volume indicators should be considered warnings but not signals of change in t
Slide 25: On Balance Volume How It Works
BROKERAGE: TECHNICAL ANALYSIS VOLUME INDICATOR On Balance Volume How It Works • The actual value of the OBV is unimportant; concentrate on its On Balance direction. Volume (OBV) • When price continues to make higher peaks and OBV fails to make higher peaks, the upward trend is likely to stall or fai
Slide 26: On Balance Volume
BROKERAGE: TECHNICAL ANALYSIS VOLUME INDICATOR On Balance Volume Bearish divergence: OBV is not confirming the higher peaks in price, which preceded the selloff. 26
Slide 27: Money Flow Index How It Works
BROKERAGE: TECHNICAL ANALYSIS VOLUME INDICATOR Money Flow Index How It Works • Oversold levels typically occur below 20 and overbought levels Money Flow typically occur above 80. These levels may change depending on market conditions. Index (MFI) • Oversold or overbought levels are generally not rea
Slide 28: Money Flow Index
BROKERAGE: TECHNICAL ANALYSIS VOLUME INDICATOR Money Flow Index Bearish divergence: Price peak not Bearish Divergence confirmed by MFI. Bullish divergence: Price trough is not confirmed by MFI. Bullish Divergence 28
Slide 29: Accumulation/Distribution How It Works
BROKERAGE: TECHNICAL ANALYSIS VOLUME INDICATOR Accumulation/Distribution How It Works Accumulation/ Determine the direction of a trend Distribution • When both price and Accumulation/Distribution are making higher peaks and higher troughs, the uptrend is likely to continue. Accumulation/Distribution
Slide 30: Accumulation/Distribution
BROKERAGE: TECHNICAL ANALYSIS VOLUME INDICATOR Accumulation/Distribution Negative divergence between price and Accumulation Distribution Negative Divergence between Price and Accumulation/Distribution 30
Slide 31: Volatility Indicators
Volatility Indicators 6 Fidelity.
Slide 32: Bollinger Bands® How It Works
BROKERAGE: TECHNICAL ANALYSIS VOLATILITY INDICATOR Bollinger Bands® How It Works Bollinger Bands Determine relative price • When the bands tighten during a period of low volatility, it raises the Bollinger Bands are a type of likelihood of a sharp price move in either direction. price envelope plott
Slide 33: Bollinger Bands®
BROKERAGE: TECHNICAL ANALYSIS VOLATILITY INDICATOR Bollinger Bands® Riding Upper Band Oscillating between Bands Riding Upper Band Bands Narrowing Oscillating between Bands Bands Narrowing 33
Slide 34: Average True Range How It Works
BROKERAGE: TECHNICAL ANALYSIS VOLATILITY INDICATOR Average True Range How It Works Average True Determine market volatility Range (ATR) • An expanding ATR indicates increased volatility, whether that’s selling or buying pressure. ATR is the average of true • A low ATR value indicates decreased volat
Slide 35: Average True Range
BROKERAGE: TECHNICAL ANALYSIS VOLATILITY INDICATOR Average True Range Periods of increased volatility are clearly identified by ATR. Increasing Volatility 35
Slide 36: Support and Resistance Indicators
Support and Resistance Indicators
Slide 37: Fibonacci Retracements How It Works
BROKERAGE: TECHNICAL ANALYSIS SUPPORT AND RESISTANCE Fibonacci Retracements How It Works Fibonacci Provide support and resistance levels Retracements • Applying these percentages to the difference between the high and low price for the period selected creates a set of price objectives. Plot percenta
Slide 38: Fibonacci Retracements
BROKERAGE: TECHNICAL ANALYSIS SUPPORT AND RESISTANCE Fibonacci Retracements Here, we have drawn a down sloping Fibonacci Retracement line from the absolute peak to the absolute trough to determine levels of resistance we may meet. In this example, the first major correction occurred at 61.8% retrace
Slide 39: Fibonacci Retracements
BROKERAGE: TECHNICAL ANALYSIS SUPPORT AND RESISTANCE Fibonacci Retracements In this example, we have drawn a Fibonacci Retracement line from the trough to the peak of the price move for which we’re trying to determine retracement levels. In this instance, we found support at 38.2% retracement. 39
Slide 40: Technical Analysis Webinar Series
Getting Started with Technical Analysis Learn the assumptions that guide technical analysis, and get to know the basics of trend trading. Understanding Indicators in Technical Analysis Identify the various types of technical indicators including, trend, momentum, volume, and support and resistance.
Slide 41: Visit the Fidelity Learning Center
Visit the Fidelity Learning Center Learn more about putting technical analysis to work for you Read: Access the Technical Indicator Guide Watch: Check out videos that define core technical concepts Attend: Register for monthly webinars 41
Slide 42: Thank You
Thank Please join us for our upcoming webinars Fidelity.com/webinars You Download Active Trader Pro for free at Fidelity.com/ATP Questions? Call a trading specialist at 877-907-4429 42
Slide 43: Important Information
BROKERAGE: TECHNICAL ANALYSIS Important Information Any screenshots, charts, or company trading symbols mentioned are provided for illustrative purposes only and should not be considered an offer to sell, a solicitation of an offer to buy, or a recommendation for the security. Investing involves ris
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