FORTUNE BRANDS INNOVATIONS I (FBIN) Stock Technical Analysis
NYSE:FBIN - US34964C1062 - Common Stock
58.52 USD
-0.42 (-0.71%)
58.52 USD
0 (0%)
Taking everything into account, FBIN scores 6 out of 10 in our technical rating. FBIN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, FBIN is a bad performer in the overall market: 79% of all stocks are doing better.
FBIN is one of the lesser performing stocks in the Building Products industry. 65% 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
FBIN has an average volume of 1973550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FBIN has a been trading in the 54.53 - 61.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, FBIN does present a nice setup opportunity. 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 60.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.26, a Stop Loss order could be placed below this zone.
More info and screens
48.06
62.13
When analyzing the support we can see 5 important areas.
- A support zone ranging from 57.35 to 58.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 54.46 to 56.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.92 from a trend line in the daily time frame.
- Support @50.13 from a horizontal line in the weekly time frame.
- Support @48.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 60.97 to 61.51. 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 | NEUTRAL | NEUTRAL | The long term trend for FBIN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBIN is up. |
| ChartMill Relative Strength | 21.27 | NEGATIVE | FBIN has a low relative strength, it was outperformed by 78.73% 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) | 53.38 | NEUTRAL | The RSI value for FBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests FBIN has a negative trend. |
| Stochastics (14,3) | 59.69 | NEUTRAL | The Stochastics value for FBIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for FBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 33.02 | 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)
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 |
|---|---|---|---|
| 59.23 | 57.34 | 1.89 (3.19%) | 25.00% |
| An entry @59.23. This is a Buy Stop order right above the 10 day moving average. | An exit @57.34. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.89 points, which is 3.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- The distance between exit and entry is rather small compared to the average daily movement of FBIN. Please evaluate whether better entry and exit points can be found.
- 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.
58.52
-0.42 (-0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-0.71%
1 Week-4.85%
2 Weeks-0.29%
1 Month4.82%
3 Month16.11%
6 Month-9.58%
12 Month-26.31%
2 Year-15.21%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.88
ATR(20)%2.96%
ATR Inc-27.65%
Range Today1.05
ADR(20)1.64
ADR(20)%2.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.27
Mansfield-1.91
10 Day High61.83
10 Day Low56.93
20 Day High61.83
20 Day Low54.53
52 Week High90.54
52 Week Low47.21
CS1 End58.26
CR1 Start60.97
Volume & EV
DER(3)-0.34%
DER(5)-1.22%
Volume835.10K
Volume Incr-42.28%
Vol(5)1.15M
Vol(50)1.97M