Fabrinet Technical Analysis (NYSE:FN)

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$44 $0.34 (0.78%) FN stock closing price Aug 20, 2018 (Closing)

Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The FN stock chart pattern can give those who understand technical analysis an indication of which way FN stock is headed, but cannot predict with 100% certainty as to what can happen to the Fabrinet stock price.

View technical indicators like moving averages - SMA and EMA, and bollinger bands for Fabrinet. Technical analysis uses an approach for Fabrinet stock analysis that does not care for the fair value of a company but uses price and volume data only.

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Fabrinet Moving Average

Moving averages help predict the price direction of FN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Fabrinet are mostly signals of long term trends and will help long term traders.

Fabrinet Bollinger Bands

Bollinger bands consist of two price bands above and below a center line for any company stock like Fabrinet. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $44 is in the upper range of Fabrinet bollinger bands.

Fabrinet Moving Average Convergence Divergence or MACD

The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Fabrinet MACD line is above the signal line.

Fabrinet Relative Strength Index

The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of FN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.