FRANKLIN STREET PROPERTIES - 1H - Technical analysis published on 04/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.98 USD
My targets
2.11 USD (+3.94%)
2.18 USD (+7.39%)
My analysis
The strong short-term increase in FRANKLIN STREET PROPERTIES calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1.98 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 2.11 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.18 USD as an objective. Crossing it would then enable buyers to target 2.30 USD. Caution, a return under 1.98 USD could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.6
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Additional analysis
Quotes
The FRANKLIN STREET PROPERTIES rating is 2.03 USD. The price has increased by +8.56% since the last closing and was traded between 1.89 USD and 2.03 USD over the period. The price is currently at +7.41% from its lowest and 0% from its highest.1.89
2.03
2.03
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 1H shows an overall slightly bearish trend. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.85 | 1.92 | 1.98 | 2.03 | 2.11 | 2.18 | 2.30 |
| Change (%) | -8.87% | -5.42% | -2.46% | - | +3.94% | +7.39% | +13.30% |
| Change | -0.18 | -0.11 | -0.05 | - | +0.08 | +0.15 | +0.27 |
| Level | Intermediate | Minor | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.80 | 1.84 | 1.85 | 1.89 | 1.90 | 1.94 | 1.95 |
| Camarilla | 1.86 | 1.86 | 1.87 | 1.87 | 1.88 | 1.88 | 1.88 |
| Woodie | 1.80 | 1.83 | 1.85 | 1.88 | 1.90 | 1.93 | 1.95 |
| Fibonacci | 1.84 | 1.86 | 1.87 | 1.89 | 1.91 | 1.92 | 1.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.58 | 1.71 | 1.80 | 1.93 | 2.02 | 2.15 | 2.24 |
| Camarilla | 1.82 | 1.84 | 1.86 | 1.88 | 1.90 | 1.92 | 1.94 |
| Woodie | 1.55 | 1.70 | 1.77 | 1.92 | 1.99 | 2.14 | 2.21 |
| Fibonacci | 1.71 | 1.80 | 1.85 | 1.93 | 2.02 | 2.07 | 2.15 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.33 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 20.71 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 1.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.87 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 1.88 | |
| Zig ZAG (10): | 1.98 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 86.67 | |
| TEMA (21): | 1.94 | |
| Williams %R (14): | -3.85 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 5.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.23 |
| MA7: | 1.91 | |
| MA20: | 2.06 | |
| MA50: | 2.19 | |
| MA100: | 2.34 | |
| MAexp7: | 1.96 | |
| MAexp20: | 1.91 | |
| MAexp50: | 1.94 | |
| MAexp100: | 2.01 | |
| Price / MA7: | +6.28% | |
| Price / MA20: | -1.46% | |
| Price / MA50: | -7.31% | |
| Price / MA100: | -13.25% | |
| Price / MAexp7: | +3.57% | |
| Price / MAexp20: | +6.28% | |
| Price / MAexp50: | +4.64% | |
| Price / MAexp100: | +1.00% |
Quotes :
-
15 min delayed data
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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
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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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