FRANKLIN RESOURCES INC (BEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BEN - US3546131018 - Common Stock
Taking everything into account, BEN scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BEN has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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21.09
5 important support areas can be observed.
- A support zone ranging from 24.23 to 24.60. 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 23.70 to 23.80. 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 @22.13 from a trend line in the daily time frame.
- Support @21.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.67 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 | 82.72 | POSITIVE | BEN has a high relative strength, it outperformed 82.72% 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) | 73.63 | OVERBOUGHT | The high RSI value suggests BEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BEN has a positive trend. |
| Stochastics (14,3) | 87.37 | OVERBOUGHT | The high Stochastics value suggests BEN may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for BEN suggests low volalility. |
| Average Directional Index/ADX (14) | 31.82 | POSITIVE | The high ADX value value for BEN suggests a strong trend. |
25.66
+0.21 (+0.83%)
FRANKLIN RESOURCES INC / BEN FAQ
What is the ChartMill technical rating of FRANKLIN RESOURCES INC (BEN) stock?
ChartMill assigns a technical rating of 9 / 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 73.6317. This indicates that the stock is currently overbought.
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 24.6 and a resistance level at 25.67. Check the full technical report for our detailed analysis of BEN support and resistance levels.