September 30, 2024, 05:30 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FN
- Buy FN near 210.52 target 241.71 stop loss @ 209.91 Details
The technical summary data tells us to buy FN near 210.52 with an upside target of 241.71. This data also tells us to set a stop loss @ 209.91 to protect against excessive loss in case the stock begins to move against the trade. 210.52 is the first level of support below 239.77 , and by rule, any test of support is a buy signal. In this case, support 210.52 would be being tested, so a buy signal would exist.
- Short FN slightly under 241.71, target 210.52, stop loss @ 242.41 Details
The technical summary data is suggesting a short of FN as it gets near 241.71 with a downside target of 210.52. We should have a stop loss in place at 242.41though. 241.71 is the first level of resistance above 239.77, and by rule, any test of resistance is a short signal. In this case, if resistance 241.71 is being tested, so a short signal would exist.
Swing Trading Plans for FN
- Buy FN slightly over 240.53, target 241.71, Stop Loss @ 239.84 Details
If 240.53 begins to break higher, the technical summary data tells us to buy FN just slightly over 240.53, with an upside target of 241.71. The data also tells us to set a stop loss @ 239.84 in case the stock turns against the trade. 240.53 is the first level of resistance above 239.77, and by rule, any break above resistance is a buy signal. In this case, 240.53, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FN slightly near 240.53, target 232.59, Stop Loss @ 241.22. Details
The technical summary data is suggesting a short of FN if it tests 240.53 with a downside target of 232.59. We should have a stop loss in place at 241.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 240.53, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for FN
- Buy FN slightly over 240.67, target 241.71, Stop Loss @ 240.11 Details
If 240.67 begins to break higher, the technical summary data tells us to buy FN just slightly over 240.67, with an upside target of 241.71. The data also tells us to set a stop loss @ 240.11 in case the stock turns against the trade. 240.67 is the first level of resistance above 239.77, and by rule, any break above resistance is a buy signal. In this case, 240.67, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FN slightly near 240.67, target 233.59, Stop Loss @ 241.23. Details
The technical summary data is suggesting a short of FN if it tests 240.67 with a downside target of 233.59. We should have a stop loss in place at 241.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 240.67, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Fabrinet (FN) available here: FN.
FN Ratings for September 30:
Term → |
Near |
Mid |
Long |
Rating |
Strong |
Strong |
Strong |
P1 |
0 |
0 |
210.52 |
P2 |
233.59 |
232.59 |
241.71 |
P3 |
240.67 |
240.53 |
273.29 |
AI Generated Signals for FN
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FN: