FRESH DEL MONTE PRODUCE INC (FDP) Stock Technical Analysis
NYSE:FDP • KYG367381053
We assign a technical rating of 10 out of 10 to FDP. Both in the recent history as in the last year, FDP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, FDP did better than 84% of all other stocks. We also observe that the gains produced by FDP over the past year are nicely spread over this period.
- FDP is part of the Food Products industry. There are 88 other stocks in this industry. FDP outperforms 83% of them.
- FDP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- FDP 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.
Besides having an excellent technical rating, FDP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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31.97
When analyzing the support we can see 6 important areas.
- A support zone ranging from 39.86 to 40.08. 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 38.13 to 38.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.03 from a trend line in the weekly time frame.
- A support zone ranging from 35.19 to 35.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.17 from a horizontal line in the daily time frame.
- Support @32.29 from a horizontal 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 | UP | POSITIVE | The long term trend for FDP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FDP is up. |
| ChartMill Relative Strength | 84.18 | POSITIVE | FDP has a high relative strength, it outperformed 84.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FDP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FDP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FDP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.75 | NEUTRAL | The RSI value for FDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests FDP has a positive trend. |
| Stochastics (14,3) | 77.96 | NEUTRAL | The Stochastics value for FDP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for FDP suggests some volalility. |
| Average Directional Index/ADX (14) | 39.39 | POSITIVE | The high ADX value value for FDP 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 |
|---|---|---|---|
| 42.99 | 39.85 | 3.14 (7.30%) | 13.69% |
| An entry @42.99. This is a Buy Stop order right above the 10 day high. | An exit @39.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.14 points, which is 7.30%. | For a 1.00% total portfolio risk, you can invest 13.69% 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.
42.49
+0.79 (+1.89%)
FRESH DEL MONTE PRODUCE INC / FDP FAQ
Can you provide the ChartMill technical rating for FRESH DEL MONTE PRODUCE INC?
ChartMill assigns a technical rating of 10 / 10 to FDP.
Can you provide the trend direction for FRESH DEL MONTE PRODUCE INC?
The current trend direction for FRESH DEL MONTE PRODUCE INC (FDP) is Bullish.
What is the RSI signal for FDP stock?
FRESH DEL MONTE PRODUCE INC (FDP) has an RSI value of 68.7513. This indicates that the stock is currently neutral.
What is the buy/sell signal for FRESH DEL MONTE PRODUCE INC (FDP) stock?
The buy/sell signal for FRESH DEL MONTE PRODUCE INC (FDP) is buy as both the short term and long term trends are positive.
What is the support and resistance level for FDP stock?
FRESH DEL MONTE PRODUCE INC (FDP) has a support level at 40.08. Check the full technical report for our detailed analysis of FDP support and resistance levels.