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S&P 500 Oversold StocksArchive
- 10/16/2026 -
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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 -1.02 points, or -3.19%, and closed at 30.98 on Friday, October 16, 2026. Weekly volume was -12% below average.
 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 24.97 and resistance is at 39.66. 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 30.09 on October 15, 2026. BEN lost 6.19 points, or 17.06%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (31.96) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support 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. The distance between MACD and the signal line is relatively 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 September 4, 2026 at 35.10 and reached 30.09 on October 15, 2026. BEN lost 5.01 points, or 14.27%, in 41 days. The chart has formed a Falling Channel chart pattern.
Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish 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 bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.
The daily MACD line is below its signal line since August 31, 2026. This is an indication that the short-term trend is down.
 Candlestick pattern: [See BEN candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
4 |
| Industry |
Asset Management & Custody Banks |
39 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| High |
35.10 |
| High Date |
09/04/2026 |
| Low |
30.09 |
| Low Date |
10/15/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Support |
| Resistance |
33.51 |
| Support |
31.96 |
| High |
36.28 |
| High Date |
08/05/2026 |
| Low |
30.09 |
| Low Date |
10/15/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
39.66 |
| Support |
24.97 |
| Low |
21.11 |
| Low Date |
11/20/2025 |
| High |
36.28 |
| High Date |
08/05/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
16.25 |
| Low Date |
04/09/2025 |
| High |
36.28 |
| High Date |
08/05/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
14.91 |
| Low Date |
04/16/2020 |
| High |
38.27 |
| High Date |
11/02/2021 |
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