FORTUNE BRANDS INNOVATIONS I (FBIN) Stock Technical Analysis
NYSE:FBIN - New York Stock Exchange, Inc. - US34964C1062 - Common Stock - Currency: USD
Overall FBIN gets a technical rating of 4 out of 10. In the past year, FBIN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, FBIN is a bad performer in the overall market: 80% of all stocks are doing better.
FBIN is one of the lesser performing stocks in the Building Products industry. 67% of 41 stocks in the same industry do better.
FBIN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month FBIN has a been trading in the 51.76 - 57.78 range, which is quite wide. It is currently trading near the high of this range.
FBIN has an average volume of 2286230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
FBIN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 56.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 55.94, a Stop Loss order could be placed below this zone.
More info and screens
47.67
57.96
4 important support areas can be observed.
- A support zone ranging from 54.49 to 55.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.21 from a trend line in the daily time frame.
- Support @50.13 from a horizontal line in the weekly time frame.
- A support zone ranging from 48.15 to 48.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 56.32 to 57.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for FBIN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBIN is up. |
| ChartMill Relative Strength | 20.64 | NEGATIVE | FBIN has a low relative strength, it was outperformed by 79.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBIN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBIN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FBIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.66 | NEUTRAL | The RSI value for FBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FBIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.26 | NEUTRAL | The Stochastics value for FBIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for FBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.39 | POSITIVE | The high ADX value value for FBIN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
56.05
-0.6 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-1.06%
1 Week0.39%
2 Weeks-0.8%
1 Month3.8%
3 Month9.24%
6 Month-17.68%
12 Month-23.29%
2 Year-18.79%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.58
ATR(20)%2.81%
ATR Inc-17.87%
Range Today0.98
ADR(20)1.57
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.64
Mansfield-2.35
10 Day High57.78
10 Day Low54.04
20 Day High57.78
20 Day Low51.76
52 Week High90.54
52 Week Low47.21
CS1 End55.94
CR1 Start56.32
Volume & EV
DER(3)-1.26%
DER(5)-0.97%
Volume4.23M
Volume Incr9.64%
Vol(5)2.22M
Vol(50)2.29M