FRANKLIN RESOURCES INC (BEN) Technical Analysis
NYSE:BEN • US3546131018
Current stock price
BEN Technical Rating and Analysis
Taking everything into account, BEN scores 10 out of 10 in our technical rating. 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!
- 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. We also observe that the gains produced by BEN over the past year are nicely spread over this period.
- BEN is one of the better performing stocks in the Capital Markets industry, it outperforms 89% of 239 stocks in the same industry.
- BEN is currently making a new 52 week high. This is a strong signal. 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 23.08 - 30.36 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- BEN has an average volume of 5415290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BEN Weekly and Daily overview Charts
BEN Setup Rating and Analysis
Although BEN has an excellent technical rating, it does not offer a high quality setup 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
BEN Support and Resistance Analysis
22.96
2 important support areas can be observed.
- A support zone ranging from 26.82 to 27.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.19 to 23.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
BEN Technical Indicator Signal Analysis
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 | 83.59 | POSITIVE | BEN has a high relative strength, it outperformed 83.59% 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) | 74.39 | OVERBOUGHT | The high RSI value suggests BEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests BEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.68 | OVERBOUGHT | The high Stochastics value suggests BEN may be overbought. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for BEN suggests some volalility. |
| Average Directional Index/ADX (14) | 32.48 | POSITIVE | The high ADX value value for BEN suggests a strong trend. |
BEN Chart- and CandleStick Pattern Analysis
BEN Technicals: Chart, Performance Metrics, Trend & Indicators
29.84
-0.13 (-0.43%)
FRANKLIN RESOURCES INC / BEN TA FAQ
What is the ChartMill technical rating of FRANKLIN RESOURCES INC (BEN) stock?
ChartMill assigns a technical rating of 10 / 10 to BEN.
Can you provide the trend direction for FRANKLIN RESOURCES INC?
The current trend direction for FRANKLIN RESOURCES INC (BEN) is Bullish.
Can you provide the RSI signal for FRANKLIN RESOURCES INC?
FRANKLIN RESOURCES INC (BEN) has an RSI value of 74.3873. This indicates that the stock is currently overbought.
Can you provide the MACD signal for FRANKLIN RESOURCES INC?
The MACD indicator for FRANKLIN RESOURCES INC (BEN) has a value of 0.363683, indicating a bearish trend.
What is the buy/sell signal for BEN stock?
The buy/sell signal for FRANKLIN RESOURCES INC (BEN) is buy as both the short term and long term trends are positive.