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Fabrinet (FN): Price Now Near $101.93; Daily Chart Shows An Uptrend on 100 Day Basis

The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment -- meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The post Fabrinet (FN): Price Now Near $101.93; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News. ...

The Hourly View for FN

Currently, FN (Get Ratings)’s price is up $1 (0.99%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

FN ranks 26th in terms of today’s price percentage change out of Electronic Equipment stocks.

FN’s Technical Outlook on the Daily Chart

Currently, FN’s price is up $0.99 (0.98%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Fabrinet’s price action over the past 90 days can be seen via the chart below.

FN

<FN's volume of shares traded is 9511; this is 92.64% lower than that of its 7 day average.

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FN: Daily RSI Analysis

  • FN’s RSI now stands at 75.3245.
  • FN and RSI both have consistent trends, as they are both heading down.

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The post Fabrinet (FN): Price Now Near $101.93; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.

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