RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FN
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Evaluation of Fabrinet stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Fabrinet stock price fell by -1.23% on the last day (Thursday, 28th Mar 2024) from $191.37 to $189.02. During the last trading day the stock fluctuated 2.48% from a day low at $188.10 to a day high of $192.77. The price has fallen in 7 of the last 10 days and is down by -4.51% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 426 thousand shares were bought and sold for approximately $80.44 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $186.65 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.16% during the next 3 months and, with a 90% probability hold a price between $194.41 and $238.88 at the end of this 3-month period.

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FN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.43%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fabrinet stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $193.55 and $201.84. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Fabrinet stock

Fabrinet finds support from accumulated volume at $186.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.67 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 3.43%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Fabrinet to open at $189.96, and during the day (based on 14 day Average True Range), to move between $180.63 and $197.41, which gives a possible trading interval of +/-$8.39 (+/-4.44%) up or down from last closing price. If Fabrinet takes out the full calculated possible swing range there will be an estimated 8.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $186.35 (1.41%) than the resistance at $192.12 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Fabrinet stock A Buy?

The Fabrinet stock holds several negative signals and despite the positive trend, we believe Fabrinet will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.995 Sell Candidate Downgraded

Predicted Opening Price for Fabrinet of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$189.96 ( 0.499%) $189.02

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 194.63 2.97 %
R2 192.85 2.03 %
R1 191.75 1.44 %
Current price: 189.02
Support S1 188.18 -0.445 %
S2 187.08 -1.03 %
S3 185.29 -1.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 223.60 18.29 %
R2 192.33 1.75 %
R1 192.12 1.64 %
Current price 189.02
Support S1 186.35 -1.41%
S2 183.58 -2.88%
S3 182.43 -3.49%

FAQ

What is the symbol for Fabrinet Stock and on which exchange is it traded?
The symbol for Fabrinet is FN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Fabrinet Stock?
The Fabrinet stock holds several negative signals and despite the positive trend, we believe Fabrinet will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Fabrinet Stock?
Fabrinet Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Fabrinet Stock.

What's the current price of Fabrinet Stock?
As of the end of day on the 2024-03-28, the price of an Fabrinet (FN) share was $189.02.

What is the 52-week high and low for Fabrinet Stock?
The 52-week high for Fabrinet Stock is $229.02 and the 52-week low is $90.19.

What is the market capitalization of Fabrinet Stock?
As of the 2024-03-28, the market capitalization of Fabrinet is 6.863B.

When is the next earnings date for Fabrinet?
The upcoming earnings date for Fabrinet is May 13, 2024.
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About Fabrinet

Fabrinet Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testi... FN Profile

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