FRESH DEL MONTE PRODUCE INC (FDP) Stock Technical Analysis
NYSE:FDP - New York Stock Exchange, Inc. - KYG367381053 - Common Stock - Currency: USD
Taking everything into account, FDP scores 7 out of 10 in our technical rating. In the last year, FDP was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
FDP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 31.00, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.67
When analyzing the support we notice one important area.
- A support zone ranging from 28.96 to 31.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @34.27 from a horizontal line in the weekly time frame.
- Resistance @34.93 from a horizontal line in the daily time frame.
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 |
|---|---|---|---|
| 34.28 | 29.02 | 5.26 (15.34%) | 6.52% |
| An entry @34.28. This is a Buy Stop order right above the resistance zone. | An exit @29.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.26 points, which is 15.34%. | For a 1.00% total portfolio risk, you can invest 6.52% 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.
32.42
+0.64 (+2.01%)