FRANKLIN RESOURCES INC (BEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BEN - US3546131018 - Common Stock
22.52 USD
+0.26 (+1.17%)
22.52 USD
0 (0%)
Taking everything into account, BEN scores 0 out of 10 in our technical rating. BEN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, BEN is a bad performer in the overall market: 71% of all stocks are doing better.
BEN has an average volume of 4708120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BEN is part of the Capital Markets industry. There are 237 other stocks in this industry, BEN did better than 55% of them.
BEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BEN is lagging the market.
In the last month BEN has a been trading in the 21.11 - 23.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BEN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
20.97
26.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.30 to 22.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 21.68 to 21.86. This zone is formed by a combination of multiple trend lines and important moving averages 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.
3 important resistance areas can be observed.
- Resistance @23.80 from a horizontal line in the daily time frame.
- Resistance @25.23 from a trend line in the weekly time frame.
- A resistance zone ranging from 25.66 to 25.74. 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 | DOWN | NEGATIVE | The long term trend for BEN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BEN is neutral. |
| ChartMill Relative Strength | 29.57 | NEGATIVE | BEN has a low relative strength, it was outperformed by 70.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BEN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BEN is below a declining 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) | 51.51 | NEUTRAL | The RSI value for BEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BEN has a positive trend. |
| Stochastics (14,3) | 51.35 | NEUTRAL | The Stochastics value for BEN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for BEN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.82 | NEGATIVE | The low ADX value for BEN suggests a weak or negative 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)
22.52
+0.26 (+1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.17%
1 Week5.04%
2 Weeks-2.3%
1 Month-1.83%
3 Month-12.24%
6 Month4.07%
12 Month-1.05%
2 Year-9.19%
3 Year-16%
5 Year2.41%
10 Year-46.28%
15 Year-40.78%
Volatility
ATR(14)0.62
ATR(20)%2.48%
ATR Inc-46.59%
Range Today0.31
ADR(20)0.55
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.57
3 months CRS19.25
6 months CRS45.49
Mansfield-0.75
10 Day High23.06
10 Day Low21.11
20 Day High23.39
20 Day Low21.11
52 Week High26.08
52 Week Low16.25
CS1 End22.48
CR1 Start23.8
Volume & EV
DER(3)0.85%
DER(5)0.11%
Volume3.70M
Volume Incr5.22%
Vol(5)4.84M
Vol(50)4.71M
FRANKLIN RESOURCES INC / BEN FAQ
What is the ChartMill technical rating of FRANKLIN RESOURCES INC (BEN) stock?
ChartMill assigns a technical rating of 0 / 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 Bearish.
What is the RSI signal for FRANKLIN RESOURCES INC (BEN) stock?
FRANKLIN RESOURCES INC (BEN) has an RSI value of 51.512. 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 0.0516981, indicating a bearish trend.