|
|
Asset Management & Custody Banks Industry Stocks Technical Analysis - BENArchive
- 5/2/2025 -
Sign In to see current Signals. |
Franklin Resources (BEN) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Franklin Resources (BEN). During the week, the BEN gained 1.34 points, or 7.16%, and closed at 20.06 on Friday, May 2, 2025. It was the best weekly gain since January 31, 2025. Weekly volume was 27% above average.
BEN is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BEN long-term trend chart]
A long-term downtrend had started on December 4, 2024 at 23.27 and reached 16.25 on April 9, 2025. BEN lost 7.02 points, or 30.17%, in 18 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 15.56 and resistance is at 21.46. 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 long-term trend.
 Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on January 31, 2025 at 22.59 and reached 16.25 on April 9, 2025. BEN lost 6.34 points, or 28.07%, in 9 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 28, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 April 9, 2025 at 16.25 and reached 20.13 on May 2, 2025. BEN gained -3.88 points, or -23.88%, in 23 days. Price is near the trend high.
 Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
| |
|
|