FN NEWS why is Fabrinet price falling or rising

FN NEWS reasons for why stock price of Fabrinet is falling or rising

FN Fabrinet is falling or rising technical reasons

Technical analysis forecast of Fabrinet Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Fabrinet FN at this time. Stock is rising and might rise more.

It appears as if Fabrinet FN gave a large move recently.

Stock of Fabrinet (FN) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Fabrinet is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Fabrinet stays above 229.6, but if it comes below 229.6, then a intra day sell could be more profitable.
If you take a sell trade below 229.6, then use 229.6 as stoploss and 203.74 as target. However if you take a buy trade in Fabrinet, then use 229.6 as stoploss and 260.6 as target.

FN Fabrinet is falling or rising NEWS fundamental reasons

More announcements and NEWS

FN Fabrinet current price & indicator signals

Moving Averages for Fabrinet

  • 5Day Average: 229.35
  • 12Day Average: 208.37
  • 20Day Average: 193.11
  • 50Day Average: 191.37
  • 100Day Average: 196.22
  • 150Day Average: 187.57
  • 200Day Average: 179.14

FN Indicators & signals

Indicator MACD (12,26,9)

213.48, 199.99, 7.15
Indicator MACD is in positive zone

Indicator ADX (14)

52.16, 47.32, 14.88
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of FN Fabrinet are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
16 Thu May 2024 235.15 232.49 to 238.20 -0.65% 0.62 times
15 Wed May 2024 236.69 234.34 to 238.76 1.85% 0.7 times
14 Tue May 2024 232.39 220.12 to 232.69 5.74% 0.89 times
13 Mon May 2024 219.77 218.89 to 224.44 -1.33% 0.67 times
10 Fri May 2024 222.73 217.09 to 223.41 2.17% 0.84 times
09 Thu May 2024 218.01 209.15 to 218.50 3.05% 0.89 times
08 Wed May 2024 211.55 202.41 to 212.34 1.07% 0.97 times
07 Tue May 2024 209.31 207.28 to 218.80 10.85% 1.84 times
06 Mon May 2024 188.83 180.73 to 190.44 5.36% 1.47 times
03 Fri May 2024 179.22 175.97 to 181.57 2.89% 0.96 times
02 Thu May 2024 174.19 168.77 to 175.54 0.92% 0.77 times
01 Wed May 2024 172.61 168.57 to 176.53 -0.27% 0.62 times

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