FABRINET (FN) Stock Technical Analysis
NYSE:FN - New York Stock Exchange, Inc. - KYG3323L1005 - Common Stock - Currency: USD
Taking everything into account, FN scores 9 out of 10 in our technical rating. 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 part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. FN outperforms 78% of them.
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 287.04 - 345.71 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, FN did better than 94% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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
173.84
347.43
3 important support areas can be observed.
- A support zone ranging from 315.19 to 315.51. 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 307.36 to 308.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @175.60 from a trend line in the weekly 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 | 94.4 | POSITIVE | FN has a high relative strength, it outperformed 94.4% 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) | 76.2 | OVERBOUGHT | The high RSI value suggests FN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.07 | POSITIVE | The MACD value suggests FN has a positive trend. |
| Stochastics (14,3) | 96.53 | OVERBOUGHT | The high Stochastics value suggests FN may be overbought. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for FN suggests some volalility. |
| Average Directional Index/ADX (14) | 34.26 | 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)
343.99
+8.88 (+2.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.65%
1 Week9.13%
2 Weeks11.36%
1 Month18.03%
3 Month69.77%
6 Month62.21%
12 Month65.11%
2 Year113.96%
3 Year234.49%
5 Year392.96%
10 Year1630.33%
15 Year2717.28%
Volatility
ATR(14)11.04
ATR(20)%3.08%
ATR Inc2.9%
Range Today9.96
ADR(20)9.73
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.4
Mansfield3.26
10 Day High345.71
10 Day Low306.55
20 Day High345.71
20 Day Low287.04
52 Week High345.71
52 Week Low148.55
CS1 End315.51
CR1 StartN/A
Volume & EV
DER(3)0.05%
DER(5)-1.02%
Volume683.70K
Volume Incr15.49%
Vol(5)535.96K
Vol(50)523.19K