FABRINET (FN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FN - KYG3323L1005 - Common Stock
Overall FN gets a technical rating of 10 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.
Although FN has an excellent technical rating, the quality of the presented setup is not ideal 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
401.29
3 important support areas can be observed.
- A support zone ranging from 465.38 to 477.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 423.37 to 440.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 405.34 to 405.53. 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 | 95.82 | POSITIVE | FN has a high relative strength, it outperformed 95.82% 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) | 56.21 | NEUTRAL | The RSI value for FN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.38 | NEGATIVE | The MACD value suggests FN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.13 | NEUTRAL | The Stochastics value for FN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for FN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.58 | NEGATIVE | The low ADX value for FN suggests a weak or negative trend. |
483.55
+8.08 (+1.7%)
FABRINET / FN FAQ
Can you provide the ChartMill technical rating for FABRINET?
ChartMill assigns a technical rating of 10 / 10 to FN.
Can you provide the trend direction for FABRINET?
The current trend direction for FABRINET (FN) is Bullish.
Can you provide the RSI signal for FABRINET?
FABRINET (FN) has an RSI value of 56.2115. This indicates that the stock is currently neutral.
What is the MACD signal for FN stock?
The MACD indicator for FABRINET (FN) has a value of -2.38116, indicating a bearish trend.
What is the buy/sell signal for FN stock?
The buy/sell signal for FABRINET (FN) is buy as both the short term and long term trends are positive.