Fidelity MSCI Energy Index ETF Price & Performance (FENY)

The Fidelity MSCI Energy Index ETF (FENY) has revealed critical support and resistance levels, with technical data suggesting a buy near $23.34 and a sell near $24.69. Traders are advised to monitor these thresholds closely for swing and day trading opportunities, as market behavior around these levels could define short-term trends.1

A dual-investment strategy involving the Fidelity MSCI Energy Index ETF (FENY) and Fidelity Clean Energy ETF (FRNW) offers a balanced approach to the energy transition. This method allows investors to gain exposure to both traditional fossil fuels and renewable energy, leveraging the ongoing shift in the energy landscape for potential diversification and returns.2

Clean energy ETFs are gaining traction as a viable investment option, offering exposure to renewable energy sectors like solar, wind, and geothermal. With notable performers like Neuberger Berman Energy Transition ETF (34.53% annual growth), these funds provide diversification and a stake in the burgeoning green energy market.3