FABRINET - Daily - Technical analysis published on 12/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 56.46 USD
My targets
62.01 USD (+4.22%)
My analysis
The basic bullish trend is very strong on FABRINET but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 56.46 USD. Crossing the first resistance at 62.01 USD would be a sign of a potential new surge in the price. Caution, a return to below 56.46 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
4.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FABRINET rating 59.50 USD. The price has increased by +1.38% since the last closing with the lowest point at 59.26 USD and the highest point at 60.22 USD. The deviation from the price is +0.40% for the low point and -1.20% for the high point.59.26
60.22
59.50
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FABRINET chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 3 are bullish, 9 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 49.19 | 51.37 | 56.46 | 59.50 | 59.73 | 62.01 |
| Change (%) | -17.33% | -13.66% | -5.11% | - | +0.39% | +4.22% |
| Change | -10.31 | -8.13 | -3.04 | - | +0.23 | +2.51 |
| Level | Major | Intermediate | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.16 | 56.72 | 57.70 | 58.26 | 59.24 | 59.80 | 60.78 |
| Camarilla | 58.27 | 58.41 | 58.55 | 58.69 | 58.83 | 58.97 | 59.11 |
| Woodie | 56.38 | 56.83 | 57.92 | 58.37 | 59.46 | 59.91 | 61.00 |
| Fibonacci | 56.72 | 57.31 | 57.67 | 58.26 | 58.85 | 59.21 | 59.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.40 | 59.13 | 59.84 | 60.57 | 61.28 | 62.01 | 62.72 |
| Camarilla | 60.14 | 60.28 | 60.41 | 60.54 | 60.67 | 60.80 | 60.94 |
| Woodie | 58.38 | 59.13 | 59.82 | 60.57 | 61.26 | 62.01 | 62.70 |
| Fibonacci | 59.13 | 59.68 | 60.02 | 60.57 | 61.12 | 61.46 | 62.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.58 | 53.05 | 56.80 | 59.27 | 63.02 | 65.49 | 69.24 |
| Camarilla | 58.83 | 59.40 | 59.97 | 60.54 | 61.11 | 61.68 | 62.25 |
| Woodie | 51.21 | 53.37 | 57.43 | 59.59 | 63.65 | 65.81 | 69.87 |
| Fibonacci | 53.05 | 55.43 | 56.90 | 59.27 | 61.65 | 63.12 | 65.49 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.87 | |
| MACD (12,26,9): | 1.0900 | |
| Directional Movement: | 4.67 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 60.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.52 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 56.84 | |
| Zig ZAG (10): | 59.50 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 32.66 | |
| TEMA (21): | 60.59 | |
| Williams %R (14): | -50.22 | |
| Chande Momentum Oscillator (20): | -1.36 | |
| Repulse (5,40,3): | -0.6500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4100 | |
| Courbe Coppock: | 2.33 |
| MA7: | 60.01 | |
| MA20: | 59.74 | |
| MA50: | 55.55 | |
| MA100: | 54.07 | |
| MAexp7: | 59.72 | |
| MAexp20: | 59.18 | |
| MAexp50: | 56.85 | |
| MAexp100: | 55.03 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | +7.11% | |
| Price / MA100: | +10.04% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | +0.54% | |
| Price / MAexp50: | +4.66% | |
| Price / MAexp100: | +8.12% |
News
Don"t forget to follow the news on FABRINET. At the time of publication of this analysis, the latest news was as follows:
- Fabrinet to Announce First Quarter Fiscal-Year 2020 Financial Results on November 4, 2019
- Fabrinet to Announce Fourth Quarter and Fiscal-Year 2019 Financial Results on August 19, 2019
- Fabrinet to Host Earnings Call
- Fabrinet to Host Earnings Call
- Investor Network: Fabrinet to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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