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S&P 500 Oversold StocksArchive
- 10/9/2026 -
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Franklin Resources (BEN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Franklin Resources (BEN). During the week, the BEN dropped -0.81 points, or -2.47%, and closed at 32.00 on Friday, October 9, 2026. BEN was trading at average weekly trading volume.
 Long-term trend: [See BEN long-term trend chart]
A long-term uptrend had started on November 20, 2025 at 21.11 and reached 36.28 on August 5, 2026. BEN gained -15.17 points, or -71.86%, in 36 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 24.88 and resistance is at 39.33. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on August 5, 2026 at 36.28 and reached 31.56 on October 1, 2026. BEN lost 4.72 points, or 13.01%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (32.10) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 28, 2026. This is an indication that the medium-term trend is down. 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 September 4, 2026 at 35.10 and reached 31.56 on October 1, 2026. BEN lost 3.54 points, or 10.09%, in 27 days. The price is now at the 12.43% 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 August 31, 2026. 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (5.12%) is close to one year low (5.73%). It is 54.86% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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