Is Fabrinet technically bullish or bearish?
As of June 10, 2025, Fabrinet's technical trend has shifted to mildly bullish, supported by a bullish weekly MACD and Bollinger Bands, despite a mildly bearish monthly MACD and daily moving averages.
As of 10 June 2025, the technical trend for Fabrinet has changed from mildly bearish to mildly bullish. The weekly MACD is bullish, supporting the positive shift, while the monthly MACD remains mildly bearish, indicating some caution. The Bollinger Bands are bullish on both the weekly and monthly time frames, suggesting upward price momentum. Moving averages on the daily chart are mildly bearish, which contrasts with the overall bullish sentiment. The Dow Theory indicates a mildly bullish stance on both weekly and monthly charts, and the monthly OBV is mildly bullish, reinforcing the positive outlook. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands.
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