FABRINET (FN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FN - KYG3323L1005 - Common Stock
We assign a technical rating of 10 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.
Although FN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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389.08
When analyzing the support we can see 3 important areas.
- A support zone ranging from 412.64 to 417.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @400.30 from a trend line in the daily time frame.
- Support @393.01 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 | 94.35 | POSITIVE | FN has a high relative strength, it outperformed 94.35% 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) | 53.85 | NEUTRAL | The RSI value for FN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.16 | POSITIVE | The MACD value suggests FN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.7 | OVERBOUGHT | The high Stochastics value suggests FN may be overbought. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for FN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.28 | NEUTRAL | The ADX value for FN suggests a possible start of a new trend. |
470.89
-57.28 (-10.84%)
FABRINET / FN FAQ
Can you provide the ChartMill technical rating for FABRINET?
ChartMill assigns a technical rating of 10 / 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 53.8497. 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 5.156, indicating a bullish trend.
What is the buy/sell signal for FN stock?
The buy/sell signal for FABRINET (FN) is buy as both the short term and long term trends are positive.