FN Technical Analysis - FABRINET

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to FN. Both in the recent history as in the last year, FN has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

FN is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 70% of 124 stocks in the same industry.

FN is currently making a new 52 week high. This is a strong signal. 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 354.41 - 399.00 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, FN did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

FN has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

282.36

402.32

5 important support areas can be observed.

A support zone ranging from 369.22 to 375.98. 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 361.93 to 361.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 343.68 to 355.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @323.78 from a trend line in the daily time frame.
Support @285.21 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The short term trend for FN is up.
ChartMill Relative Strength	90.75	POSITIVE	FN has a high relative strength, it outperformed 90.75% 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)	62.92	NEUTRAL	The RSI value for FN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.51	POSITIVE	The MACD value suggests FN has a positive trend.
Stochastics (14,3)	85.05	OVERBOUGHT	The high Stochastics value suggests FN may be overbought.
Average True Range in percent/ATR (20)	3.97	MEDIUM VOLATILITY	The ATR as a percentage value for FN suggests some volalility.
Average Directional Index/ADX (14)	17.88	NEGATIVE	The low ADX value for FN suggests a weak or negative trend.