FRANKLIN RESOURCES INC (BEN) Stock Technical Analysis
NYSE:BEN - New York Stock Exchange, Inc. - US3546131018 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to BEN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BEN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
BEN is part of the Capital Markets industry. There are 233 other stocks in this industry. BEN outperforms 72% of them.
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 22.09 - 25.36 range, which is quite wide. It is currently trading near the high of this range.
BEN has an average volume of 4924870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BEN did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although BEN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.89
25.39
We found 2 important support areas.
- Support @21.30 from a horizontal line in the daily time frame.
- Support @20.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.88 to 25.14. 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 | 80.95 | POSITIVE | BEN has a high relative strength, it outperformed 80.95% 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) | 70.86 | OVERBOUGHT | The high RSI value suggests BEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.03 | OVERBOUGHT | The high Stochastics value suggests BEN may be overbought. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for BEN suggests low volalility. |
| Average Directional Index/ADX (14) | 46.85 | POSITIVE | The high ADX value value for BEN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
24.87
-0.27 (-1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.07%
1 Week-0.04%
2 Weeks5.92%
1 Month10.34%
3 Month38.94%
6 Month30.07%
12 Month7.2%
2 Year-14.95%
3 Year-9.4%
5 Year18.15%
10 Year-45.4%
15 Year-25.82%
Volatility
ATR(14)0.46
ATR(20)%1.9%
ATR Inc19.07%
Range Today0.3
ADR(20)0.42
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.95
Mansfield0.99
10 Day High25.36
10 Day Low23.53
20 Day High25.36
20 Day Low22.09
52 Week High25.36
52 Week Low16.25
CS1 End21.3
CR1 Start24.88
Volume & EV
DER(3)-2.42%
DER(5)-1.65%
Volume3.11M
Volume Incr-9.96%
Vol(5)3.67M
Vol(50)4.92M