The Greedy Trader Weekly Analysis
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Number of records: 11
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Franklin Resources
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversoldLane's Stochastic bullish divergence
Daily :Relative Strength Index and Williams' Percentage Range are oversoldStochastic signal line moved above oversold areaA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was the negative week for the Franklin Resources (BEN). During the week, the BEN gave back -0.27 points, or -0.84%, and closed at 31.78 on Friday, July 06, 2018. Weekly volume was -8% below average.

Long-term trend: [See BEN long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 30.56 and reached 47.65 on July 26, 2017. BEN gained -17.09 points, or -55.92%, in 56 weeks. The price is now at the 92.86% retracement level.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on June 7, 2018 at 34.86 and reached 31.28 on July 2, 2018. BEN lost 3.58 points, or 10.27%, in 3 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (30.56) 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 medium-term trend.

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. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 22, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 July 2, 2018 at 31.28 and reached 32.02 on July 3, 2018. BEN gained -0.74 points, or -2.37%, in 1 days. The price is now at the 32.43% retracement level.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since June 13, 2018. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (32) comes close to the price (31.78). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 17.56
Oversold
Williams' Percentage Range (W%R) 89.20
Oversold
Lane's Stochastic (%D-Slow) 20.12
Greed/Fear Indicator (GFI) 16.16
Oversold
Moving Average Converg./Diverg. (MACD) -0.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.78
Williams' Percentage Range (W%R) 96.00
Strong Oversold
Lane's Stochastic (%D-Slow) 46.79
Bullish
Greed/Fear Indicator (GFI) 33.02
Moving Average Converg./Diverg. (MACD) -2.21 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 34.44
50 Day Moving Average 33.31
20 Day Moving Average 32.84
Weekly Stochastic Crossing 32.68
Parabolic System 32.00
Price 31.78
Daily Stochastic Crossing 31.60
Monthly Trendline Resistance 31.59
Lower Bollinger Band 30.79
Monthly Trendline Support 30.56
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Asset Management 28
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.28
Low Date 07/02/2018
High 32.02
High Date 07/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.28
Low Date 07/02/2018
High 32.02
High Date 07/03/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 31.59
Support 30.56
High 34.86
High Date 06/07/2018
Low 31.28
Low Date 07/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 31.28
Low Date 07/02/2018
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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