FORTUNE BRANDS INNOVATIONS I (FBIN) Technical Analysis
NYSE:FBIN • US34964C1062
Current stock price
FBIN Technical Rating and Analysis
Taking everything into account, FBIN scores 1 out of 10 in our technical rating. FBIN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 89% of all other stocks performed better in the past year than FBIN.
- FBIN is one of the lesser performing stocks in the Building Products industry. 77% 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 36.07 - 42.41 range, which is quite wide. It is currently trading near the high of this range.
- FBIN has an average volume of 3244780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
FBIN Weekly and Daily overview Charts
FBIN Setup Rating and Analysis
Although the technical rating is bad, FBIN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 41.55. Right above this resistance zone may be a good entry point.
More info and screens
FBIN Support and Resistance Analysis
36.78
When analyzing the support we notice one important area.
- A support zone ranging from 37.15 to 37.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 41.55 to 41.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.29 from a trend line in the weekly time frame.
- Resistance @61.50 from a horizontal line in the weekly time frame.
FBIN Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for FBIN is neutral. |
| ChartMill Relative Strength | 11.82 | NEGATIVE | FBIN has a low relative strength, it was outperformed by 88.18% 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) | DOWN | NEGATIVE | The current price of FBIN is below a declining 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) | 51.14 | NEUTRAL | The RSI value for FBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests FBIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.15 | NEUTRAL | The Stochastics value for FBIN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for FBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.53 | POSITIVE | The high ADX value value for FBIN suggests a strong trend. |
FBIN Chart- and CandleStick Pattern Analysis
FBIN Technicals: Chart, Performance Metrics, Trend & Indicators
41.54
+0.14 (+0.34%)
FORTUNE BRANDS INNOVATIONS I / FBIN TA FAQ
Can you provide the ChartMill technical rating for FORTUNE BRANDS INNOVATIONS I?
ChartMill assigns a technical rating of 1 / 10 to FBIN.
Can you provide the trend direction for FORTUNE BRANDS INNOVATIONS I?
The current trend direction for FORTUNE BRANDS INNOVATIONS I (FBIN) is Bearish.
Can you provide the RSI signal for FORTUNE BRANDS INNOVATIONS I?
FORTUNE BRANDS INNOVATIONS I (FBIN) has an RSI value of 51.1427. This indicates that the stock is currently neutral.
What is the MACD signal for FBIN stock?
The MACD indicator for FORTUNE BRANDS INNOVATIONS I (FBIN) has a value of 0.67963, indicating a bearish trend.
Can you provide the short term momentum for FORTUNE BRANDS INNOVATIONS I?
The short term momentum for FORTUNE BRANDS INNOVATIONS I (FBIN) is neutral.