FRANKLIN RESOURCES INC (BEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BEN - US3546131018 - Common Stock
We assign a technical rating of 8 out of 10 to BEN. In the last year, BEN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although BEN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
21.09
We found 6 important support areas.
- Support @25.03 from a trend line in the weekly time frame.
- A support zone ranging from 23.63 to 24.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.56 from a trend line in the weekly time frame.
- Support @22.07 from a trend line in the daily time frame.
- Support @21.68 from a horizontal line in the weekly time frame.
- Support @21.30 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- 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 | 81.41 | POSITIVE | BEN has a high relative strength, it outperformed 81.41% 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) | 69.53 | NEUTRAL | The RSI value for BEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BEN has a positive trend. |
| Stochastics (14,3) | 85.29 | OVERBOUGHT | The high Stochastics value suggests BEN may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for BEN suggests some volalility. |
| Average Directional Index/ADX (14) | 29.25 | POSITIVE | The high ADX value value for BEN suggests a strong trend. |
25.15
+0.03 (+0.12%)
FRANKLIN RESOURCES INC / BEN FAQ
What is the ChartMill technical rating of FRANKLIN RESOURCES INC (BEN) stock?
ChartMill assigns a technical rating of 8 / 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 69.5309. 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 25.03 and a resistance level at 25.66. Check the full technical report for our detailed analysis of BEN support and resistance levels.