FRANKLIN STREET PROPERTIES - Daily - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 2.26 USD
My targets
1.99 USD (-7.01%)
1.85 USD (-13.55%)
My analysis
FRANKLIN STREET PROPERTIES is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.26 USD. The next support located at 1.99 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.85 USD. Below this support, sellers could then target 1.62 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FRANKLIN STREET PROPERTIES rating is 2.14 USD. The price registered a decrease of -0.47% on the session and was traded between 2.10 USD and 2.17 USD over the period. The price is currently at +1.90% from its lowest and -1.38% from its highest.2.10
2.17
2.14
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of FRANKLIN STREET PROPERTIES indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.33 | 1.62 | 1.99 | 2.14 | 2.15 | 2.26 | 2.40 |
Change (%) | -37.85% | -24.30% | -7.01% | - | +0.47% | +5.61% | +12.15% |
Change | -0.81 | -0.52 | -0.15 | - | +0.01 | +0.12 | +0.26 |
Level | Minor | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.09 | 2.12 | 2.13 | 2.16 | 2.17 | 2.20 | 2.21 |
Camarilla | 2.14 | 2.14 | 2.15 | 2.15 | 2.15 | 2.16 | 2.16 |
Woodie | 2.09 | 2.12 | 2.13 | 2.16 | 2.17 | 2.20 | 2.21 |
Fibonacci | 2.12 | 2.13 | 2.14 | 2.16 | 2.17 | 2.18 | 2.20 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.94 | 2.04 | 2.10 | 2.20 | 2.26 | 2.36 | 2.42 |
Camarilla | 2.13 | 2.14 | 2.16 | 2.17 | 2.19 | 2.20 | 2.21 |
Woodie | 1.93 | 2.03 | 2.09 | 2.19 | 2.25 | 2.35 | 2.41 |
Fibonacci | 2.04 | 2.10 | 2.14 | 2.20 | 2.26 | 2.30 | 2.36 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.85 | 2.01 | 2.19 | 2.35 | 2.53 | 2.69 | 2.87 |
Camarilla | 2.28 | 2.31 | 2.34 | 2.37 | 2.40 | 2.43 | 2.46 |
Woodie | 1.86 | 2.02 | 2.20 | 2.36 | 2.54 | 2.70 | 2.88 |
Fibonacci | 2.01 | 2.14 | 2.22 | 2.35 | 2.48 | 2.56 | 2.69 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 31.92 | |
MACD (12,26,9): | -0.0600 | |
Directional Movement: | -15.73 | |
AROON (14): | -92.86 | |
DEMA (21): | 2.19 | |
Parabolic SAR (0,02-0,02-0,2): | 2.35 | |
Elder Ray (13): | -0.10 | |
Super Trend (3,10): | 2.36 | |
Zig ZAG (10): | 2.14 | |
VORTEX (21): | 0.8400 | |
Stochastique (14,3,5): | 11.39 | |
TEMA (21): | 2.16 | |
Williams %R (14): | -86.67 | |
Chande Momentum Oscillator (20): | -0.24 | |
Repulse (5,40,3): | -1.4000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.2900 | |
Courbe Coppock: | 13.08 |
MA7: | 2.19 | |
MA20: | 2.28 | |
MA50: | 2.39 | |
MA100: | 2.35 | |
MAexp7: | 2.19 | |
MAexp20: | 2.26 | |
MAexp50: | 2.33 | |
MAexp100: | 2.27 | |
Price / MA7: | -2.28% | |
Price / MA20: | -6.14% | |
Price / MA50: | -10.46% | |
Price / MA100: | -8.94% | |
Price / MAexp7: | -2.28% | |
Price / MAexp20: | -5.31% | |
Price / MAexp50: | -8.15% | |
Price / MAexp100: | -5.73% |
Quotes :
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15 min delayed data
-
NYSE MKT Stocks
News
The latest news and videos published on FRANKLIN STREET PROPERTIES at the time of the analysis were as follows:
- Franklin Street Properties Corp. Announces Second Quarter 2023 Results
- Franklin Street Properties Corp. to Announce Second Quarter 2023 Results
- Franklin Street Properties Corp. Declares Quarterly Dividend
- Franklin Street Properties Corp. Announces Leasing Activity
- Franklin Street Properties Corp. Announces First Quarter 2023 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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