The Greedy Trader Weekly Analysis
Sign In Apr 18, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 4/12/2019
Sign In to see current Signals.
Franklin Resources
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice is near the Fibonacci 38.2% retracement levelTrend resistance at 35.51
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Move cursor over the icon to see details.

It was a third consecutive positive week for the Franklin Resources (BEN). During the week, the BEN gained 0.58 points, or 1.66%, and closed at 35.46 on Friday, April 12, 2019. Weekly volume was -21% below average.

Long-term trend: [See BEN long-term trend chart]
A long-term downtrend had started on July 26, 2017 at 47.65 and reached 27.34 on December 26, 2018. BEN lost 20.31 points, or 42.62%, in 74 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 27.34 and reached 35.65 on April 12, 2019. BEN gained -8.31 points, or -30.40%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (35.51). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 26, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See BEN short-term trend chart]
A short-term uptrend had started on March 25, 2019 at 31.64 and reached 35.65 on April 12, 2019. BEN gained -4.01 points, or -12.67%, in 18 days. Price is near the trend high.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since March 29, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.07
Overbought
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 84.34
Overbought Bearish
Greed/Fear Indicator (GFI) 87.47
Overbought
Moving Average Converg./Diverg. (MACD) 0.62 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.11
Williams' Percentage Range (W%R) 1.90
Strong Overbought
Lane's Stochastic (%D-Slow) 86.70
Overbought
Greed/Fear Indicator (GFI) 81.49
Overbought
Moving Average Converg./Diverg. (MACD) -0.11
Trading Signals
Description Value Chart
Upper Bollinger Band 35.94
Quarterly Trendline Resistance 35.51
Price 35.46
Daily Stochastic Crossing 35.32
Weekly Stochastic Crossing 35.02
Parabolic System 34.58
20 Day Moving Average 33.77
50 Day Moving Average 32.58
Quarterly Trendline Support 31.94
Lower Bollinger Band 31.89
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Asset Management 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 34.21
Low Date 04/09/2019
High 35.65
High Date 04/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.64
Low Date 03/25/2019
High 35.65
High Date 04/12/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.88
Low Date 03/08/2019
High 35.65
High Date 04/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 35.51
Support 31.94
Low 27.34
Low Date 12/26/2018
High 35.65
High Date 04/12/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 27.34
Low Date 12/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2018 All rights reserved.