The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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Franklin Resources
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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger Band20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversold
Move cursor over the icon to see details.

It was the negative week for the Franklin Resources (BEN). During the week, the BEN dropped -1.60 points, or -5.04%, and closed at 30.14 on Friday, September 07, 2018. It was the worst weekly loss since March 29, 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 29.95 on September 7, 2018. BEN lost 17.70 points, or 37.15%, in 58 weeks. Price is near the trend low.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on July 31, 2018 at 34.85 and reached 29.95 on September 7, 2018. BEN lost 4.90 points, or 14.06%, in 5 weeks. Price is near the trend low.

Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 July 6, 2018. The distance between MACD and the signal line is low and getting smaller. 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 August 27, 2018 at 33.58 and reached 29.95 on September 7, 2018. BEN lost 3.63 points, or 10.81%, in 11 days. The price is now at the 5.23% retracement level.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since August 30, 2018. This is an indication that the short-term trend is down.

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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.80
Williams' Percentage Range (W%R) 93.70
Strong Oversold
Lane's Stochastic (%D-Slow) 7.64
Strong Oversold
Greed/Fear Indicator (GFI) 13.59
Oversold
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.68
Williams' Percentage Range (W%R) 95.30
Strong Oversold
Lane's Stochastic (%D-Slow) 33.55
Greed/Fear Indicator (GFI) 26.98
Moving Average Converg./Diverg. (MACD) -1.82
Trading Signals
Description Value Chart
Upper Bollinger Band 33.85
Parabolic System 33.04
50 Day Moving Average 32.37
20 Day Moving Average 32.25
Weekly Stochastic Crossing 31.47
Lower Bollinger Band 30.26
Daily Stochastic Crossing 30.20
Price 30.14
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Asset Management 19
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 33.58
High Date 08/27/2018
Low 29.95
Low Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.58
High Date 08/27/2018
Low 29.95
Low Date 09/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.85
High Date 07/31/2018
Low 29.95
Low Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 29.95
Low Date 09/07/2018
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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