Fabrinet Stock Technical Analysis

FN Stock  USD 189.02  2.35  1.23%   
As of the 29th of March, Fabrinet shows the Downside Deviation of 4.34, semi deviation of 4.26, and Mean Deviation of 2.38. Fabrinet technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Fabrinet, which can be compared to its rivals. Please confirm Fabrinet jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if Fabrinet is priced favorably, providing market reflects its regular price of 189.02 per share. Given that Fabrinet has jensen alpha of (0.24), we urge you to verify Fabrinet's prevailing market performance to make sure the company can sustain itself at a future point.

Fabrinet Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Fabrinet, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Fabrinet
  
Fabrinet's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Fabrinet Analyst Consensus

Target PriceAdvice# of Analysts
186.0Buy7Odds
Fabrinet current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Fabrinet analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Fabrinet stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Fabrinet, talking to its executives and customers, or listening to Fabrinet conference calls.
Fabrinet Analyst Advice Details
Fabrinet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Fabrinet technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fabrinet trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Fabrinet Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Fabrinet volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Fabrinet Trend Analysis

Use this graph to draw trend lines for Fabrinet. You can use it to identify possible trend reversals for Fabrinet as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Fabrinet price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Fabrinet Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Fabrinet applied against its price change over selected period. The best fit line has a slop of   0.14  , which suggests that Fabrinet will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 751.14, which is the sum of squared deviations for the predicted Fabrinet price change compared to its average price change.

About Fabrinet Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Fabrinet on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Fabrinet based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Fabrinet price pattern first instead of the macroeconomic environment surrounding Fabrinet. By analyzing Fabrinet's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Fabrinet's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Fabrinet specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2016 2022 2023 2024 (projected)
Price Earnings Ratio15.3119.1317.2210.13
Short Term Coverage Ratios8.5815.9714.377.78

Fabrinet March 29, 2024 Technical Indicators

Most technical analysis of Fabrinet help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Fabrinet from various momentum indicators to cycle indicators. When you analyze Fabrinet charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Fabrinet March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Fabrinet stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Fabrinet offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fabrinet's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fabrinet Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fabrinet Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fabrinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for Fabrinet Stock analysis

When running Fabrinet's price analysis, check to measure Fabrinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fabrinet is operating at the current time. Most of Fabrinet's value examination focuses on studying past and present price action to predict the probability of Fabrinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fabrinet's price. Additionally, you may evaluate how the addition of Fabrinet to your portfolios can decrease your overall portfolio volatility.
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Is Fabrinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fabrinet. If investors know Fabrinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fabrinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.105
Earnings Share
6.93
Revenue Per Share
74.744
Quarterly Revenue Growth
0.066
Return On Assets
0.0803
The market value of Fabrinet is measured differently than its book value, which is the value of Fabrinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fabrinet's value that differs from its market value or its book value, called intrinsic value, which is Fabrinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fabrinet's market value can be influenced by many factors that don't directly affect Fabrinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fabrinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fabrinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fabrinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.