FRANKLIN LTD. - 1H - Technical analysis published on 12/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 6.56 USD
My targets
6.82 USD (+2.76%)
7.04 USD (+5.98%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.56 USD remains possible. It is advisable to trade FRANKLIN LTD. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.56 USD. The next bullish objective for buyers is set at 6.82 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.04 USD. If there is any crossing, the next objective would be the resistance located at 7.41 USD. PS: if there is a bearish break in the support located at 6.56 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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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 LTD. rating is 6.64 USD. The price is lower by -0.30% since the last closing and was between 6.61 USD and 6.67 USD. This implies that the price is at +0.45% from its lowest and at -0.45% from its highest.6.61
6.67
6.64
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this FRANKLIN LTD. chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.51 | 6.56 | 6.63 | 6.64 | 7.41 | 7.76 | 8.01 |
| Change (%) | -1.96% | -1.20% | -0.15% | - | +11.60% | +16.87% | +20.63% |
| Change | -0.13 | -0.08 | -0.01 | - | +0.77 | +1.12 | +1.37 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.60 | 6.61 | 6.64 | 6.65 | 6.68 | 6.69 | 6.72 |
| Camarilla | 6.65 | 6.65 | 6.66 | 6.66 | 6.66 | 6.67 | 6.67 |
| Woodie | 6.60 | 6.62 | 6.64 | 6.66 | 6.68 | 6.70 | 6.72 |
| Fibonacci | 6.61 | 6.63 | 6.64 | 6.65 | 6.67 | 6.68 | 6.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.40 | 6.46 | 6.54 | 6.60 | 6.68 | 6.74 | 6.82 |
| Camarilla | 6.59 | 6.60 | 6.62 | 6.63 | 6.64 | 6.66 | 6.67 |
| Woodie | 6.42 | 6.47 | 6.56 | 6.61 | 6.70 | 6.75 | 6.84 |
| Fibonacci | 6.46 | 6.51 | 6.54 | 6.60 | 6.65 | 6.68 | 6.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.14 | 6.24 | 6.44 | 6.54 | 6.74 | 6.84 | 7.04 |
| Camarilla | 6.55 | 6.58 | 6.60 | 6.63 | 6.66 | 6.69 | 6.71 |
| Woodie | 6.18 | 6.27 | 6.48 | 6.57 | 6.78 | 6.87 | 7.08 |
| Fibonacci | 6.24 | 6.36 | 6.43 | 6.54 | 6.66 | 6.73 | 6.84 |
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): | 46.45 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -3.95 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 6.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.67 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 6.61 | |
| Zig ZAG (10): | 6.62 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 28.89 | |
| TEMA (21): | 6.64 | |
| Williams %R (14): | -91.67 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -0.6200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.14 |
| MA7: | 6.62 | |
| MA20: | 6.54 | |
| MA50: | 6.53 | |
| MA100: | 6.46 | |
| MAexp7: | 6.63 | |
| MAexp20: | 6.64 | |
| MAexp50: | 6.60 | |
| MAexp100: | 6.56 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +1.53% | |
| Price / MA50: | +1.68% | |
| Price / MA100: | +2.79% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.61% | |
| Price / MAexp100: | +1.22% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The latest news and videos published on FRANKLIN LTD. at the time of the analysis were as follows:
- Franklin Limited Duration Income Trust Declares Monthly Distribution
- Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution
- Franklin Limited Duration Income Trust Declares Monthly Distribution
- Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution
- Franklin Limited Duration Income Trust Declares Monthly Distribution
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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