FRESH DEL MONTE PRODUCE INC (FDP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FDP - KYG367381053 - Common Stock
Overall FDP gets a technical rating of 7 out of 10. Although FDP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
FDP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 37.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.95, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
30.96
5 important support areas can be observed.
- A support zone ranging from 34.85 to 35.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.93 to 34.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 33.07 to 33.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.29 from a horizontal line in the daily time frame.
- Support @31.27 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 37.16 to 37.30. 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 FDP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FDP is up. |
| ChartMill Relative Strength | 64.3 | NEUTRAL | FDP is not amongst the best or worst performers 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) | 58.16 | NEUTRAL | The RSI value for FDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FDP has a positive trend. |
| Stochastics (14,3) | 54.13 | NEUTRAL | The Stochastics value for FDP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for FDP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.57 | NEGATIVE | The low ADX value for FDP suggests a weak or negative 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 |
|---|---|---|---|
| 37.31 | 34.84 | 2.47 (6.62%) | 15.11% |
| An entry @37.31. This is a Buy Stop order right above the resistance zone. | An exit @34.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.47 points, which is 6.62%. | For a 1.00% total portfolio risk, you can invest 15.11% 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.
36.46
+0.32 (+0.89%)
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 7 / 10 to FDP.
What is the trend direction for FDP stock?
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 58.1563. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FRESH DEL MONTE PRODUCE INC?
The MACD indicator for FRESH DEL MONTE PRODUCE INC (FDP) has a value of 0.0333535, indicating a bearish trend.
What is the short term momentum for FRESH DEL MONTE PRODUCE INC (FDP) stock?
The short term momentum for FRESH DEL MONTE PRODUCE INC (FDP) is positive.