FRANKLIN STREET PROPERTIES - Daily - Technical analysis published on 04/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.98 USD
My targets
1.85 USD (-2.12%)
1.73 USD (-8.47%)
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 1.98 USD. The next support located at 1.85 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 1.73 USD. Below this support, sellers could then target 1.61 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
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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 price is 1.89 USD. The price registered a decrease of -0.53% on the session and was between 1.89 USD and 1.93 USD. This implies that the price is at 0% from its lowest and at -2.07% from its highest.1.89
1.93
1.89
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FRANKLIN STREET PROPERTIES in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.61 | 1.73 | 1.85 | 1.89 | 1.98 | 2.18 | 2.44 |
| Change (%) | -14.81% | -8.47% | -2.12% | - | +4.76% | +15.34% | +29.10% |
| Change | -0.28 | -0.16 | -0.04 | - | +0.09 | +0.29 | +0.55 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.81 | 1.84 | 1.87 | 1.90 | 1.93 | 1.96 | 1.99 |
| Camarilla | 1.87 | 1.88 | 1.89 | 1.89 | 1.90 | 1.90 | 1.91 |
| Woodie | 1.80 | 1.84 | 1.86 | 1.90 | 1.92 | 1.96 | 1.98 |
| Fibonacci | 1.84 | 1.87 | 1.88 | 1.90 | 1.93 | 1.94 | 1.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.83 | 1.92 | 2.00 | 2.09 | 2.17 | 2.26 | 2.34 |
| Camarilla | 2.03 | 2.05 | 2.06 | 2.08 | 2.10 | 2.11 | 2.13 |
| Woodie | 1.83 | 1.92 | 2.00 | 2.09 | 2.17 | 2.26 | 2.34 |
| Fibonacci | 1.92 | 1.99 | 2.03 | 2.09 | 2.16 | 2.20 | 2.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.82 | 1.95 | 2.11 | 2.24 | 2.40 | 2.53 | 2.69 |
| Camarilla | 2.18 | 2.21 | 2.23 | 2.26 | 2.29 | 2.31 | 2.34 |
| Woodie | 1.83 | 1.96 | 2.12 | 2.25 | 2.41 | 2.54 | 2.70 |
| Fibonacci | 1.95 | 2.06 | 2.13 | 2.24 | 2.35 | 2.42 | 2.53 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.60 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -18.40 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.09 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 2.13 | |
| Zig ZAG (10): | 1.91 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 3.35 | |
| TEMA (21): | 1.94 | |
| Williams %R (14): | -93.61 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | -5.8700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3900 | |
| Courbe Coppock: | 19.14 |
| MA7: | 1.99 | |
| MA20: | 2.11 | |
| MA50: | 2.22 | |
| MA100: | 2.36 | |
| MAexp7: | 1.98 | |
| MAexp20: | 2.08 | |
| MAexp50: | 2.19 | |
| MAexp100: | 2.20 | |
| Price / MA7: | -5.03% | |
| Price / MA20: | -10.43% | |
| Price / MA50: | -14.86% | |
| Price / MA100: | -19.92% | |
| Price / MAexp7: | -4.55% | |
| Price / MAexp20: | -9.13% | |
| Price / MAexp50: | -13.70% | |
| Price / MAexp100: | -14.09% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The last news published on FRANKLIN STREET PROPERTIES at the time of the generation of this analysis was 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
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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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