The Greedy Trader Weekly Analysis
Sign In Apr 20, 2018
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Franklin Resources
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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
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It was the negative week for the Franklin Resources (BEN). During the week, the BEN gave back -0.07 points, or -0.21%, and closed at 33.15 on Friday, April 13, 2018. Weekly volume was 57% above 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 84.84% retracement level.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 45.96 and reached 32.41 on April 11, 2018. BEN lost 13.55 points, or 29.48%, in 11 weeks. The price is now at the 5.46% retracement level.

Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 9, 2018 at 40.56 and reached 32.41 on April 11, 2018. BEN lost 8.15 points, or 20.09%, in 33 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 31.74 and resistance is at 36.41. 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. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since March 21, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 distance between the Bollinger Bands is 195.85% higher then one year average. It indicates the period of high volatility of the stock price. 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) 34.32
Williams' Percentage Range (W%R) 82.40
Oversold
Lane's Stochastic (%D-Slow) 18.82
Oversold
Greed/Fear Indicator (GFI) 23.59
Moving Average Converg./Diverg. (MACD) -1.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.61
Williams' Percentage Range (W%R) 91.10
Strong Oversold
Lane's Stochastic (%D-Slow) 12.58
Oversold
Greed/Fear Indicator (GFI) 18.52
Oversold
Moving Average Converg./Diverg. (MACD) -1.08
Trading Signals
Description Value Chart
Upper Bollinger Band 39.62
50 Day Moving Average 37.71
Weekly Trendline Resistance 36.41
20 Day Moving Average 35.35
Price 33.15
Weekly Stochastic Crossing 33.14
Daily Stochastic Crossing 32.88
Parabolic System 32.44
Weekly Trendline Support 31.74
Lower Bollinger Band 30.58
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Asset Management 25
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.41
Low Date 04/11/2018
High 33.83
High Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 36.41
Support 31.74
High 40.56
High Date 03/09/2018
Low 32.41
Low Date 04/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.96
High Date 01/24/2018
Low 32.41
Low Date 04/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 32.41
Low Date 04/11/2018
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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