FRANKLIN RESOURCES INC (BEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BEN - US3546131018 - Common Stock
Overall BEN gets a technical rating of 7 out of 10. BEN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
20.97
When analyzing the support we can see 3 important areas.
- Support @22.44 from a trend line in the weekly time frame.
- A support zone ranging from 21.68 to 21.99. 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 24.10 to 24.48. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 69.73 | NEUTRAL | BEN is not amongst the best or worst performers 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) | 54.38 | NEUTRAL | The RSI value for BEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BEN has a negative trend. |
| Stochastics (14,3) | 46.34 | NEUTRAL | The Stochastics value for BEN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for BEN suggests low volalility. |
| Average Directional Index/ADX (14) | 24.99 | NEUTRAL | The ADX value for BEN suggests a possible start of a new 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 |
|---|---|---|---|
| 24.11 | 23.65 | 0.46 (1.92%) | 25.00% |
| An entry @24.11. This is a Buy Stop order right above the 10 day moving average. | An exit @23.64. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.46 points, which is 1.92%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.48%. |
- 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.
23.8
-0.09 (-0.38%)
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 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 54.3819. 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 22.44 and a resistance level at 24.1. Check the full technical report for our detailed analysis of BEN support and resistance levels.