Our opinion on the current state of FAMBRANDS(FBR)Famous Brands (FBR) is Africa's largest branded fast-food franchisor, operating 2925 restaurants across seventeen brands, with 2574 restaurants in South Africa, 62 in the UK, and 76 in other parts of Africa and the Middle East. The company owns iconic South African brands such as Wimpy, Debonairs Pi
0.62 USD
29.96 M USD
453.14 M USD
About Famous Brands Limited
Sector
Industry
CEO
Darren Paul Hele
Website
Headquarters
Midrand
Founded
1960
ISIN
US3070661000
FIGI
BBG004SWPMH6
Famous Brands Ltd. engages in the provision of management of a chain of restaurants and franchising. The firm manufactures and supplies its franchisees, the retail trade, and hospitality industry with a range of meat, sauces, bakery, ice cream, fruit juice, and mineral water products. It operates through the following geographical segments: South Africa, United Kingdom-Wimpy, and Rest of Africa and Middle East. The company was founded in 1960 and is headquartered in Midrand, South Africa.
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$JSEFBR - Famous Brands: Technical Reasons For OptimismSee link below for previous analysis.
FBR stock has been in a downtrend since January 2022 but the are reasons for optimism.
The downtrend is forming a falling wedge which has bullish reversal implications.
The MACD is making higher lows giving a bullish convergence signal.
The key level to watch
Rising wedge on Famous brands continues bearish sentimentA bearish sentiment continues on Famous brands with the a rising wedge pattern developing on a daily price chart. Price has broken down and if it closes below and it will probable that it will go down all the way to a first target of R55.
Moving Averages 7<21<200
RSI <50
Our opinion on the current state of FBRFamous Brands (FBR) is Africa's largest branded fast-food retail franchisor with seventeen brands and 2898 restaurants. It has 2522 restaurants in South Africa, 65 in the UK and 311 in the rest of Africa and the Middle East. The company owns well-known South African brands like Wimpy, Debonairs Pizz
Our opinion on the current state of FBRFamous Brands (FBR) is Africa's largest branded fast-food retail franchisor with seventeen brands and 2850 restaurants. The company owns well-known South African brands like Wimpy, Debonairs Pizza and Steers. For the last two years, even before COVID-19, the company has been battling to grow in an e
Famous Brands poised for upside - C&HCup and Handle has formed on Famous Brands since the breakout of the downside.
We see the liquidity is thin as the volatility(jumpy) motion is high...
This is why I would make a large gap between E and Sl...
Other signs confirm upside including:
Price>200
RSI>50
Target R77.62 however. I do want
Famous Brands - Targeting R51.50 ?FBR has been struggling to regain TL support (blue) for the last few trading sessions and now looks like it has finally broken its uptrend. There is a good area of support at the horizontal line further below at around R51.50 which should provide a good long opportunity. However, with these illiqui
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
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Oscillators
Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.









