FABRINET (FN) Stock Technical Analysis
NYSE:FN - New York Stock Exchange, Inc. - KYG3323L1005 - Common Stock - Currency: USD
Overall FN gets a technical rating of 8 out of 10. Although FN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
FN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FN is lagging the market slightly.
In the last month FN has a been trading in the 221.63 - 260.61 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that FN is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
FN is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, FN did better than 54% of them.
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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
175.52
276.25
3 important support areas can be observed.
- A support zone ranging from 238.15 to 238.83. 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 232.82 to 234.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @177.29 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 266.87 to 273.51. 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 | 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 | 74.37 | POSITIVE | FN has a high relative strength, it outperformed 74.37% 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) | DOWN | MIXED | The current price of FN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.8 | OVERBOUGHT | The high RSI value suggests FN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests FN has a positive trend. |
| Stochastics (14,3) | 81.72 | OVERBOUGHT | The high Stochastics value suggests FN may be overbought. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for FN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.05 | POSITIVE | The high ADX value value for FN 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)
256.97
+13.77 (+5.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg5.66%
1 Week8.33%
2 Weeks9.41%
1 Month13.52%
3 Month16.8%
6 Month3.68%
12 Month6.66%
2 Year97.85%
3 Year216.86%
5 Year311.68%
10 Year1271.97%
15 Year2301.59%
Volatility
ATR(14)8.28
ATR(20)%3.11%
ATR Inc76.16%
Range Today18.19
ADR(20)7.82
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.37
Mansfield0.7
10 Day High260.61
10 Day Low224.66
20 Day High260.61
20 Day Low221.63
52 Week High281.79
52 Week Low148.55
CS1 End238.83
CR1 Start266.87
Volume & EV
DER(3)-0.66%
DER(5)1.19%
Volume744.50K
Volume Incr-9.47%
Vol(5)531.26K
Vol(50)753.48K