FRANKLIN FTSE UNITED KINGDOM (FLGB) Technical Analysis
NYSEARCA:FLGB • US35473P6786
Current stock price
FLGB Technical Rating and Analysis
Taking everything into account, FLGB scores 3 out of 10 in our technical rating. Although FLGB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- FLGB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Looking at the yearly performance, FLGB did better than 71% of all other stocks. On top of that, FLGB also shows a nice and consistent pattern of rising prices.
- FLGB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FLGB is performing more or less in line with the market.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Considerably lower volume is observed in the last couple of days.
FLGB Weekly and Daily overview Charts
FLGB Setup Rating and Analysis
FLGB has a poor technical rating and the quality of the setup is also only medium 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
FLGB Support and Resistance Analysis
26.03
We found 3 important support areas.
- A support zone ranging from 32.83 to 33.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.07 from a horizontal line in the daily time frame.
- Support @26.29 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 34.26 to 34.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.24 to 37.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
FLGB 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 | NEUTRAL | NEUTRAL | The long term trend for FLGB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLGB is down. |
| ChartMill Relative Strength | 71.34 | POSITIVE | FLGB has a high relative strength, it outperformed 71.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FLGB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FLGB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLGB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.5 | NEUTRAL | The RSI value for FLGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests FLGB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.52 | NEUTRAL | The Stochastics value for FLGB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for FLGB suggests some volalility. |
| Average Directional Index/ADX (14) | 30.84 | POSITIVE | The high ADX value value for FLGB suggests a strong trend. |
FLGB Chart- and CandleStick Pattern Analysis
FLGB Technicals: Chart, Performance Metrics, Trend & Indicators
33.69
-0.04 (-0.12%)
FRANKLIN FTSE UNITED KINGDOM / FLGB TA FAQ
Can you provide the ChartMill technical rating for FRANKLIN FTSE UNITED KINGDOM?
ChartMill assigns a technical rating of 3 / 10 to FLGB.
What is the trend direction for FLGB stock?
The current trend direction for FRANKLIN FTSE UNITED KINGDOM (FLGB) is Bearish.
What is the RSI signal for FLGB stock?
FRANKLIN FTSE UNITED KINGDOM (FLGB) has an RSI value of 37.4961. This indicates that the stock is currently neutral.
What is the MACD signal for FRANKLIN FTSE UNITED KINGDOM (FLGB) stock?
The MACD indicator for FRANKLIN FTSE UNITED KINGDOM (FLGB) has a value of -0.136838, indicating a bearish trend.
Can you provide the short term momentum for FRANKLIN FTSE UNITED KINGDOM?
The short term momentum for FRANKLIN FTSE UNITED KINGDOM (FLGB) is negative.