FRANKLIN RESOURCES INC (BEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BEN - US3546131018 - Common Stock
We assign a technical rating of 7 out of 10 to BEN. In the last year, BEN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, BEN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
20.97
We found 3 important support areas.
- Support @22.44 from a trend line in the weekly time frame.
- A support zone ranging from 21.68 to 21.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.18 to 21.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @24.53 from a trend line in the daily time frame.
- Resistance @25.06 from a trend line in the weekly time frame.
- A resistance zone ranging from 25.66 to 26.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BEN is up. |
| ChartMill Relative Strength | 71.4 | POSITIVE | BEN has a high relative strength, it outperformed 71.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.71 | NEUTRAL | The RSI value for BEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.53 | NEUTRAL | The Stochastics value for BEN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for BEN suggests low volalility. |
| Average Directional Index/ADX (14) | 25 | NEUTRAL | The ADX value for BEN suggests a possible start of a new trend. |
24.38
+0.19 (+0.79%)
FRANKLIN RESOURCES INC / BEN FAQ
What is the ChartMill technical rating of FRANKLIN RESOURCES INC (BEN) stock?
ChartMill assigns a technical rating of 7 / 10 to BEN.
What is the current trend direction of FRANKLIN RESOURCES INC (BEN) stock?
The current trend direction for FRANKLIN RESOURCES INC (BEN) is Bullish.
What is the RSI signal for FRANKLIN RESOURCES INC (BEN) stock?
FRANKLIN RESOURCES INC (BEN) has an RSI value of 65.7058. This indicates that the stock is currently neutral.
What is the MACD signal for FRANKLIN RESOURCES INC (BEN) stock?
The MACD indicator for FRANKLIN RESOURCES INC (BEN) has a value of 0.0738977, indicating a bearish trend.
Can you provide the buy/sell signal for FRANKLIN RESOURCES INC?
The buy/sell signal for FRANKLIN RESOURCES INC (BEN) is buy as both the short term and long term trends are positive.