FRANKLIN LTD. - 1H - Technical analysis published on 12/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
11%
33%
56%
My opinion
Bullish above 6.63 USD
My targets
6.89 USD (+3.19%)
7.41 USD (+10.93%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FRANKLIN LTD. as long as the price remains well above 6.63 USD. The buyers' bullish objective is set at 6.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.41 USD. If there is any crossing, the next objective would be the resistance located at 7.76 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.9
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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 6.68 USD. On the day, this instrument lost -0.45% and was traded between 6.59 USD and 6.75 USD over the period. The price is currently at +1.37% from its lowest and -1.04% from its highest.6.59
6.75
6.68
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FRANKLIN LTD. in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 6.40 | 6.56 | 6.63 | 6.68 | 6.70 | 7.41 | 7.76 |
| Change (%) | -4.19% | -1.80% | -0.75% | - | +0.30% | +10.93% | +16.17% |
| Change | -0.28 | -0.12 | -0.05 | - | +0.02 | +0.73 | +1.08 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.59 | 6.62 | 6.67 | 6.70 | 6.75 | 6.78 | 6.83 |
| Camarilla | 6.69 | 6.70 | 6.70 | 6.71 | 6.72 | 6.73 | 6.73 |
| Woodie | 6.59 | 6.63 | 6.67 | 6.71 | 6.75 | 6.79 | 6.83 |
| Fibonacci | 6.62 | 6.65 | 6.67 | 6.70 | 6.73 | 6.75 | 6.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.50 | 6.56 | 6.63 | 6.69 | 6.76 | 6.82 | 6.89 |
| Camarilla | 6.67 | 6.69 | 6.70 | 6.71 | 6.72 | 6.73 | 6.75 |
| Woodie | 6.52 | 6.56 | 6.65 | 6.69 | 6.78 | 6.82 | 6.91 |
| Fibonacci | 6.56 | 6.61 | 6.64 | 6.69 | 6.74 | 6.77 | 6.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.13 | 6.24 | 6.43 | 6.54 | 6.73 | 6.84 | 7.03 |
| Camarilla | 6.54 | 6.57 | 6.59 | 6.62 | 6.65 | 6.68 | 6.70 |
| Woodie | 6.17 | 6.26 | 6.47 | 6.56 | 6.77 | 6.86 | 7.07 |
| 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): | 45.74 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -2.45 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 6.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.75 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 6.72 | |
| Zig ZAG (10): | 6.65 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 22.92 | |
| TEMA (21): | 6.66 | |
| Williams %R (14): | -62.50 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.10 |
| MA7: | 6.66 | |
| MA20: | 6.56 | |
| MA50: | 6.54 | |
| MA100: | 6.48 | |
| MAexp7: | 6.66 | |
| MAexp20: | 6.66 | |
| MAexp50: | 6.64 | |
| MAexp100: | 6.60 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +1.83% | |
| Price / MA50: | +2.14% | |
| Price / MA100: | +3.09% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +1.21% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
Don't forget to follow the news on FRANKLIN LTD.. At the time of publication of this analysis, the latest news was 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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