The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Franklin Resources
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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Franklin Resources (BEN). During the week, the BEN dropped -1.65 points, or -4.87%, and closed at 32.24 on Friday, December 07, 2018. It was the worst weekly loss since October 12, 2018. Weekly volume was 63% above 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 28.12 on October 12, 2018. BEN lost 19.53 points, or 40.99%, in 63 weeks. The price is now at the 21.10% retracement level.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term uptrend had started on October 12, 2018 at 28.12 and reached 34.65 on December 3, 2018. BEN gained -6.53 points, or -23.22%, in 7 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly technical indicators are neutral.

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 downtrend had started on December 3, 2018 at 34.65 and reached 31.14 on December 6, 2018. BEN lost 3.51 points, or 10.13%, in 3 days. The price is now at the 31.34% retracement level.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.02
Williams' Percentage Range (W%R) 50.20
Lane's Stochastic (%D-Slow) 61.89
Greed/Fear Indicator (GFI) 55.89
Moving Average Converg./Diverg. (MACD) 0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.50
Williams' Percentage Range (W%R) 35.20
Lane's Stochastic (%D-Slow) 72.18
Greed/Fear Indicator (GFI) 62.93
Moving Average Converg./Diverg. (MACD) -1.29
Trading Signals
Description Value Chart
Parabolic System 34.61
Upper Bollinger Band 34.48
Weekly Stochastic Crossing 33.10
Daily Stochastic Crossing 32.99
20 Day Moving Average 32.39
Price 32.24
50 Day Moving Average 30.97
Lower Bollinger Band 30.34
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Asset Management 40
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 34.65
High Date 12/03/2018
Low 31.14
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.65
High Date 12/03/2018
Low 31.14
Low Date 12/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.12
Low Date 10/12/2018
High 34.65
High Date 12/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 28.12
Low Date 10/12/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.56
Low Date 06/27/2016
High 47.65
High Date 07/26/2017
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.

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