FRANKLIN RESOURCES INC (BEN) Stock Technical Analysis
NYSE:BEN • US3546131018
We assign a technical rating of 10 out of 10 to BEN. Both in the recent history as in the last year, BEN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that BEN is one of the better performing stocks in the market, outperforming 83% of all stocks.
- BEN is one of the better performing stocks in the Capital Markets industry, it outperforms 89% of 238 stocks in the same industry.
- BEN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BEN has a been trading in the 24.89 - 28.32 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- BEN has an average volume of 5228560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BEN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 27.33, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.09
4 important support areas can be observed.
- A support zone ranging from 27.26 to 27.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.84 from a horizontal line in the daily time frame.
- Support @23.45 from a trend line in the weekly time frame.
- Support @21.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @27.67 from a horizontal line in the weekly time frame.
- Resistance @28.16 from a horizontal line in the daily time frame.
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 | 83.57 | POSITIVE | BEN has a high relative strength, it outperformed 83.57% 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) | 56.76 | NEUTRAL | The RSI value for BEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests BEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.36 | NEUTRAL | The Stochastics value for BEN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for BEN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.63 | POSITIVE | The high ADX value value for BEN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.68 | 27.25 | 0.43 (1.55%) | 25.00% |
| An entry @27.68. This is a Buy Stop order right above the resistance zone. | An exit @27.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.43 points, which is 1.55%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.39%. |
- The distance between exit and entry is rather small compared to the average daily movement of BEN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
27.43
+0.17 (+0.62%)
FRANKLIN RESOURCES INC / BEN FAQ
What is the ChartMill technical rating of FRANKLIN RESOURCES INC (BEN) stock?
ChartMill assigns a technical rating of 10 / 10 to BEN.
What is the trend direction for 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 56.7623. This indicates that the stock is currently neutral.
What is the short term momentum for FRANKLIN RESOURCES INC (BEN) stock?
The short term momentum for FRANKLIN RESOURCES INC (BEN) is positive.
Can you provide the support and resistance levels for FRANKLIN RESOURCES INC?
FRANKLIN RESOURCES INC (BEN) has a support level at 27.33 and a resistance level at 27.67. Check the full technical report for our detailed analysis of BEN support and resistance levels.