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Franklin Resources (BEN) |
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Franklin Resources (BEN). During the week, the BEN gained 0.42 points, or 1.71%, and closed at 25.01 on Friday, May 6, 2022. Weekly volume was -62% below average.
 Long-term trend: [See BEN long-term trend chart]
A long-term uptrend had started on April 16, 2020 at 14.91 and reached 38.27 on November 2, 2021. BEN gained -23.36 points, or -156.67%, in 80 weeks. The price is now at the 56.76% retracement level.
 Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on November 2, 2021 at 38.27 and reached 24.45 on May 2, 2022. BEN lost 13.82 points, or 36.11%, in 25 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since January 14, 2022. 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 May 4, 2022 at 26.91 and reached 24.50 on May 6, 2022. BEN lost 2.41 points, or 8.96%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 May 5, 2022. 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.
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