FORTUNE BRANDS INNOVATIONS I (FBIN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FBIN - US34964C1062 - Common Stock
We assign a technical rating of 6 out of 10 to FBIN. In the last year, FBIN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 69% of all other stocks performed better in the past year than FBIN.
- Both the short term and long term trends are positive. This is a very positive sign.
- FBIN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- FBIN has an average volume of 1690320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- FBIN is an average performer in the Building Products industry, it outperforms 56% of 42 stocks in the same industry.
- FBIN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FBIN is lagging the market.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 59.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.81, a Stop Loss order could be placed below this zone.
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49.51
When analyzing the support we can see 3 important areas.
- A support zone ranging from 54.27 to 54.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.93 to 53.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 59.86 to 60.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 61.56 to 61.56. 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 | UP | POSITIVE | The long term trend for FBIN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBIN is up. |
| ChartMill Relative Strength | 31.7 | NEUTRAL | FBIN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of FBIN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.7 | NEUTRAL | The RSI value for FBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests FBIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.3 | OVERBOUGHT | The high Stochastics value suggests FBIN may be overbought. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for FBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 34.19 | POSITIVE | The high ADX value value for FBIN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 60.60 | 54.87 | 5.73 (9.46%) | 10.58% |
| An entry @60.60. This is a Buy Stop order right above the resistance zone. | An exit @54.87. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.73 points, which is 9.46%. | For a 1.00% total portfolio risk, you can invest 10.58% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
58.36
-2.16 (-3.57%)
FORTUNE BRANDS INNOVATIONS I / FBIN FAQ
Can you provide the ChartMill technical rating for FORTUNE BRANDS INNOVATIONS I?
ChartMill assigns a technical rating of 6 / 10 to FBIN.
What is the trend direction for FBIN stock?
The current trend direction for FORTUNE BRANDS INNOVATIONS I (FBIN) is Bullish.
What is the RSI signal for FORTUNE BRANDS INNOVATIONS I (FBIN) stock?
FORTUNE BRANDS INNOVATIONS I (FBIN) has an RSI value of 58.7032. This indicates that the stock is currently neutral.
What is the short term momentum for FORTUNE BRANDS INNOVATIONS I (FBIN) stock?
The short term momentum for FORTUNE BRANDS INNOVATIONS I (FBIN) is positive.
Can you provide the buy/sell signal for FORTUNE BRANDS INNOVATIONS I?
The buy/sell signal for FORTUNE BRANDS INNOVATIONS I (FBIN) is buy as both the short term and long term trends are positive.