FABRINET (FN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FN - KYG3323L1005 - Common Stock
Taking everything into account, FN scores 9 out of 10 in our technical rating. 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.
FN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 393.07, a Stop Loss order could be placed below this zone.
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351.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 387.21 to 393.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 376.59 to 380.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @355.53 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for FN is neutral. |
| ChartMill Relative Strength | 94.47 | POSITIVE | FN has a high relative strength, it outperformed 94.47% 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) | 53.25 | NEUTRAL | The RSI value for FN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.88 | NEGATIVE | The MACD value suggests FN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.12 | NEUTRAL | The Stochastics value for FN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.67 | HIGH VOLATILITY | The high ATR as a percentage value for FN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.58 | NEUTRAL | The ADX value for FN suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 459.26 | 387.20 | 72.06 (15.69%) | 6.37% |
| An entry @459.26. This is a Buy Stop order right above the 10 day high. | An exit @387.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 72.06 points, which is 15.69%. | For a 1.00% total portfolio risk, you can invest 6.37% of your capital in this trade. |
- 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.
429.69
+13.34 (+3.2%)
FABRINET / FN FAQ
Can you provide the ChartMill technical rating for FABRINET?
ChartMill assigns a technical rating of 9 / 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 53.2497. 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 -4.87567, indicating a bearish trend.