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Posted July 7, 2025 at 9:17 am
From SIA Charts
1/ Fabrinet (FN)
2/ Candlestick Chart
3/ Point and Figure Chart
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Fabrinet (FN)
Fabrinet is a global manufacturing services provider specializing in precision optical, electro-mechanical, and electronic products, serving industries such as optical communications, medical devices, automotive, and aerospace. Known for its expertise in high-mix, low-volume production and complex product assembly, the company offers advanced engineering, prototyping, and supply chain solutions. Fabrinet’s head office is located in Thailand, where its main manufacturing operations are also based. It supports customers worldwide with additional facilities in the U.S., China, and Israel.
Shares of Fabrinet have moved into the Favored zone of the SIA MidCap 400 Index Report after previously being buried in the Unfavored red zone. This march into the Favored zone comes on the heels of a year-to-date performance of 34.01 percent and a 70.76 percent quarterly gain. As a result, shares of FN have climbed 313 spots on the SIA S&P 400 Index Report over the past quarter, now sitting at position 12 within the Favored zone.
Candlestick Chart
The attached candlestick chart illustrates this uptrend clearly, showing that shares have broken through two levels of resistance, now support, at 240 dollars and 270 dollars, and have been trending steadily along the black uptrend line, although the stock has surged above it in the past month. Also notable is the perfect SMAX score of 10 out of 10, which further underscores the stock’s strong relative strength, this time compared to a basket of other asset classes including cash, bonds, currencies, commodities, and other equities.
Point and Figure Chart
Turning next to the point and figure chart, we see this powerful move reflected in a column of X’s over the past two months, with shares pushing higher through former resistance, now support, at $245.60 dollars and then $271.17 dollars. Using point and figure vertical count analysis, SIA practitioners might identify potential resistance at $324.07 dollars and possibly higher at $379.70 dollars, based on prior consolidation levels. The latest point and figure signal is a spread double top, which has propelled the stock to new highs. This is especially notable in a market where many indexes appear to be brushing up against resistance, once again highlighting Fabrinet’s relative strength.
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Originally posted 4th July 2025
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