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| Daily MACD Divergence: | Bullish |
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| Number of records: 7 |
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- 7/19/2024 -
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Franklin Resources (BEN) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second consecutive positive week for the Franklin Resources (BEN). During the week, the BEN gained 0.29 points, or 1.25%, and closed at 23.49 on Friday, July 19, 2024. Weekly volume was -20% below 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 27, 2023 at 30.32 and reached 21.57 on June 14, 2024. BEN lost 8.75 points, or 28.86%, in 24 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on March 12, 2024 at 28.61 and reached 21.57 on June 14, 2024. BEN lost 7.04 points, or 24.61%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (20.71) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BEN may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since March 28, 2024. 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 June 14, 2024 at 21.57 and reached 24.37 on July 18, 2024. BEN gained -2.80 points, or -12.98%, in 34 days. The price is now at the 31.43% retracement level.
 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.
The daily MACD line is above its signal line since June 18, 2024. This is an indication that the short-term trend is up.
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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 |
10 |
| Industry |
Asset Management & Custody Banks |
68 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
21.88 |
| Low Date |
07/09/2024 |
| High |
24.37 |
| High Date |
07/18/2024 |
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| Weekly 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 |
21.57 |
| Low Date |
06/14/2024 |
| High |
24.37 |
| High Date |
07/18/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
21.19 |
| Support |
20.71 |
| High |
28.61 |
| High Date |
03/12/2024 |
| Low |
21.57 |
| Low Date |
06/14/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
30.32 |
| High Date |
12/27/2023 |
| Low |
21.57 |
| Low Date |
06/14/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
38.27 |
| High Date |
11/02/2021 |
| Low |
20.24 |
| Low Date |
10/13/2022 |
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