The Greedy Trader Weekly Analysis
Sign In Dec 6, 2019
Skip Navigation Links
Number of records: 10
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

Franklin Resources (BEN)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Weekly  MACD line has moved above its signal line
Daily :
Move cursor over the icon to see details.

It was a first positive week for the Franklin Resources (BEN). During the week, the BEN climbed 0.17 points, or 0.62%, and closed at 27.49 on Friday, November 29, 2019. Weekly volume was -59% below average.

Long-term trend: [See BEN long-term trend chart]
A long-term downtrend had started on April 15, 2019 at 35.82 and reached 25.57 on August 28, 2019. BEN lost 10.25 points, or 28.62%, in 19 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 19.24 and resistance is at 35.70. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term uptrend had started on August 28, 2019 at 25.57 and reached 30.20 on September 13, 2019. BEN gained -4.63 points, or -18.11%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 26.94 and resistance is at 28.84. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 November 5, 2019 at 29.27 and reached 27.12 on November 14, 2019. BEN lost 2.15 points, or 7.35%, in 9 days. The price is now at the 17.21% retracement level.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 12, 2019. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.00
Williams' Percentage Range (W%R) 68.40
Lane's Stochastic (%D-Slow) 61.67
Greed/Fear Indicator (GFI) 44.10
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.85
Williams' Percentage Range (W%R) 78.10
Lane's Stochastic (%D-Slow) 47.63
Greed/Fear Indicator (GFI) 40.20
Moving Average Converg./Diverg. (MACD) -1.27
Trading Signals
Description Value Chart
Monthly Trendline Resistance 28.84
Upper Bollinger Band 28.76
Parabolic System 28.27
20 Day Moving Average 27.90
50 Day Moving Average 27.78
Daily Stochastic Crossing 27.77
Weekly Stochastic Crossing 27.62
Price 27.49
Monthly Trendline Support 26.94
Lower Bollinger Band 26.71
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Asset Management 70
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 27.12
Low Date 11/14/2019
High 28.00
High Date 11/25/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.27
High Date 11/05/2019
Low 27.12
Low Date 11/14/2019
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 28.84
Support 26.94
Low 25.57
Low Date 08/28/2019
High 30.20
High Date 09/13/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 35.70
Support 19.24
High 35.82
High Date 04/15/2019
Low 25.57
Low Date 08/28/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 25.57
Low Date 08/28/2019
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.

Copyright© 2004-2018 All rights reserved.