FABRINET (FN) Stock Technical Analysis
NYSE:FN - KYG3323L1005 - Common Stock
331.29 USD
-23.76 (-6.69%)
331 USD
-0.29 (-0.09%)
Overall FN gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
FN 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.
In the last month FN has a been trading in the 272.49 - 360.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that FN is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
FN is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 69% of 125 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FN has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
174.61
358.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 294.34 to 297.03. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 284.42 to 285.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @176.37 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @355.06 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 FN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FN is up. |
| ChartMill Relative Strength | 89.29 | POSITIVE | FN has a high relative strength, it outperformed 89.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.82 | NEUTRAL | The RSI value for FN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.58 | POSITIVE | The MACD value suggests FN has a positive trend. |
| Stochastics (14,3) | 77.58 | NEUTRAL | The Stochastics value for FN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for FN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.62 | NEUTRAL | The ADX value for FN suggests a possible start of a new 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)
331.29
-23.76 (-6.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-6.69%
1 Week12.55%
2 Weeks0.45%
1 Month5.1%
3 Month42.26%
6 Month65.6%
12 Month35.97%
2 Year106.07%
3 Year222.14%
5 Year374.76%
10 Year1566.45%
15 Year2613.27%
Volatility
ATR(14)20.85
ATR(20)%5.53%
ATR Inc46.73%
Range Today24.82
ADR(20)15.25
ADR(20)%4.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.29
Mansfield2.52
10 Day High360
10 Day Low272.49
20 Day High360
20 Day Low272.49
52 Week High360
52 Week Low148.55
CS1 End297.03
CR1 Start355.06
Volume & EV
DER(3)-0.01%
DER(5)-1.07%
Volume1.00M
Volume Incr34.2%
Vol(5)1.06M
Vol(50)677.06K