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Archive
- 1/10/2025 -
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Franklin Resources (BEN) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Franklin Resources (BEN). During the week, the BEN dropped -1.29 points, or -6.32%, and closed at 19.12 on Friday, January 10, 2025. Weekly volume was 11% above average.
BEN is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BEN long-term trend chart]
A long-term downtrend had started on February 2, 2023 at 34.37 and reached 18.95 on September 11, 2024. BEN lost 15.42 points, or 44.86%, in 83 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (17.68) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See BEN medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 18.95 and reached 23.27 on December 4, 2024. BEN gained -4.32 points, or -22.80%, in 12 weeks. Price is near the lowest trend level.
 Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 18, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See BEN short-term trend chart]
A short-term downtrend had started on December 4, 2024 at 23.27 and reached 19.04 on January 10, 2025. BEN lost 4.23 points, or 18.18%, in 37 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 17.24 and resistance is at 19.77. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since December 5, 2024. This is an indication that the short-term trend is down.
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