The Greedy Trader Weekly Analysis
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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 is overbought
Daily :MACD bearish divergenceStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Franklin Resources (BEN). During the week, the BEN gained 1.99 points, or 6.35%, and closed at 33.32 on Friday, March 15, 2019. Weekly volume was 12% 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 27.34 on December 26, 2018. BEN lost 20.31 points, or 42.62%, in 74 weeks. The price is now at the 29.44% retracement level.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 27.34 and reached 33.35 on March 15, 2019. BEN gained -6.01 points, or -21.98%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 30.66 and resistance is at 34.22. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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.

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 uptrend had started on March 8, 2019 at 30.88 and reached 33.35 on March 15, 2019. BEN gained -2.47 points, or -8.00%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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

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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.21
Williams' Percentage Range (W%R) 37.20
Lane's Stochastic (%D-Slow) 75.30
Greed/Fear Indicator (GFI) 65.75
Moving Average Converg./Diverg. (MACD) 0.33 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.49
Williams' Percentage Range (W%R) 30.40
Lane's Stochastic (%D-Slow) 82.17
Overbought
Greed/Fear Indicator (GFI) 69.32
Moving Average Converg./Diverg. (MACD) -0.53
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 34.22
Price 33.32
Upper Bollinger Band 33.09
Daily Stochastic Crossing 32.87
Weekly Stochastic Crossing 32.71
20 Day Moving Average 32.40
50 Day Moving Average 31.34
Parabolic System 31.23
Lower Bollinger Band 31.21
Quarterly Trendline Support 30.66
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Asset Management 87
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.88
Low Date 03/08/2019
High 33.35
High Date 03/15/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.88
Low Date 03/08/2019
High 33.35
High Date 03/15/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.88
Low Date 03/08/2019
High 33.35
High Date 03/15/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 34.22
Support 30.66
Low 27.34
Low Date 12/26/2018
High 33.35
High Date 03/15/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 27.34
Low Date 12/26/2018
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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