FORTUNE BRANDS INNOVATIONS I (FBIN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FBIN - US34964C1062 - Common Stock
Overall FBIN gets a technical rating of 1 out of 10. 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.
Although the technical rating is bad, FBIN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
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46.59
When analyzing the support we can see 3 important areas.
- A support zone ranging from 50.06 to 50.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.55 from a horizontal line in the daily time frame.
- Support @47.06 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 51.03 to 51.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 52.23 to 52.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.52 from a trend line in the daily time frame.
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 | 20.13 | NEGATIVE | FBIN has a low relative strength, it was outperformed by 79.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FBIN is below a declining 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) | 50.53 | NEUTRAL | The RSI value for FBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests FBIN has a negative trend. |
| Stochastics (14,3) | 50.38 | NEUTRAL | The Stochastics value for FBIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for FBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.09 | NEGATIVE | The low ADX value for FBIN suggests a weak or negative trend. |
50.78
-0.19 (-0.37%)
FORTUNE BRANDS INNOVATIONS I / FBIN FAQ
Can you provide the ChartMill technical rating for FORTUNE BRANDS INNOVATIONS I?
ChartMill assigns a technical rating of 1 / 10 to FBIN.
What is the current trend direction of FORTUNE BRANDS INNOVATIONS I (FBIN) stock?
The current trend direction for FORTUNE BRANDS INNOVATIONS I (FBIN) is Bearish.
What is the RSI signal for FORTUNE BRANDS INNOVATIONS I (FBIN) stock?
FORTUNE BRANDS INNOVATIONS I (FBIN) has an RSI value of 50.526. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORTUNE BRANDS INNOVATIONS I?
The MACD indicator for FORTUNE BRANDS INNOVATIONS I (FBIN) has a value of -0.0742032, indicating a bearish trend.
What are the support and resistance levels for FORTUNE BRANDS INNOVATIONS I (FBIN) stock?
FORTUNE BRANDS INNOVATIONS I (FBIN) has a support level at 50.33 and a resistance level at 51.03. Check the full technical report for our detailed analysis of FBIN support and resistance levels.