FABRINET (FN) Technical Analysis
NYSE:FN • KYG3323L1005
Current stock price
506.27 USD
-34.48 (-6.38%)
At close:
506.27 USD
0 (0%)
After Hours:
FN Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to FN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month FN has a been trading in the 471.75 - 632.99 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, FN did better than 95% of all other stocks. We also observe that the gains produced by FN over the past year are nicely spread over this period.
- FN is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 84% of 124 stocks in the same industry.
- FN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FN is performing more or less in line with the market.
FN Weekly and Daily overview Charts
FN Setup Rating and Analysis
Besides having an excellent technical rating, FN also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 492.93, a Stop Loss order could be placed below this zone.
More info and screens
FN Support and Resistance Analysis
422.26
551.60
When analyzing the support we can see 5 important areas.
- A support zone ranging from 489.37 to 492.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @479.33 from a trend line in the weekly time frame.
- Support @462.73 from a trend line in the daily time frame.
- Support @447.22 from a horizontal line in the weekly time frame.
- Support @426.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @508.27 from a trend line in the daily time frame.
- A resistance zone ranging from 539.44 to 546.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
FN Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for FN is neutral. |
| ChartMill Relative Strength | 95.55 | POSITIVE | FN has a high relative strength, it outperformed 95.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FN is below a declining 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) | 47.69 | NEUTRAL | The RSI value for FN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.93 | NEGATIVE | The MACD value suggests FN has a negative trend. |
| Stochastics (14,3) | 39.28 | NEUTRAL | The Stochastics value for FN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.01 | HIGH VOLATILITY | The high ATR as a percentage value for FN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.33 | NEGATIVE | The low ADX value for FN suggests a weak or negative trend. |
FN Chart- and CandleStick Pattern Analysis
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)
FN Example Setup
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 |
|---|---|---|---|
| 508.28 | 489.36 | 18.92 (3.72%) | 25.00% |
| An entry @508.28. This is a Buy Stop order right above the resistance zone. | An exit @489.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 18.92 points, which is 3.72%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FN. Please evaluate whether better entry and exit points can be found.
- 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.
FN Technicals: Chart, Performance Metrics, Trend & Indicators
506.27
-34.48 (-6.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-6.38%
1 Week0.82%
2 Weeks3.45%
1 Month-7.3%
3 Month6.48%
6 Month32.14%
12 Month129.39%
2 Year167.84%
3 Year326.3%
5 Year460.1%
10 Year1464.98%
15 Year2411.26%
Volatility
ATR(14)39.56
ATR(20)%8.01%
ATR Inc35.13%
Range Today43.47
ADR(20)37.35
ADR(20)%7.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.55
3 months CRS84.3
6 months CRS92.34
Mansfield3.92
10 Day High564.12
10 Day Low471.75
20 Day High632.99
20 Day Low471.75
52 Week High632.99
52 Week Low148.55
CS1 End492.93
CR1 Start508.27
Volume & EV
DER(3)1.43%
DER(5)0.81%
Volume1.06M
Volume Incr0.73%
Vol(5)659.92K
Vol(50)725.13K
FABRINET / FN TA FAQ
Can you provide the ChartMill technical rating for FABRINET?
ChartMill assigns a technical rating of 8 / 10 to FN.
What is the current trend direction of FABRINET (FN) stock?
The current trend direction for FABRINET (FN) is Bullish.
Can you provide the RSI signal for FABRINET?
FABRINET (FN) has an RSI value of 47.6872. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FABRINET?
The short term momentum for FABRINET (FN) is neutral.