FRANKLIN LTD. - 1H - Technical analysis published on 12/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 6.47 USD
My targets
6.34 USD (-1.40%)
6.29 USD (-2.18%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FRANKLIN LTD. as long as the price remains well below 6.47 USD. The next bearish objective for sellers is set at 6.34 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.29 USD. If there is any crossing, the next objective would be the support located at 5.98 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 over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 6.43 USD. The price is lower by -0.62% since the last closing and was between 6.41 USD and 6.49 USD. This implies that the price is at +0.31% from its lowest and at -0.92% from its highest.6.41
6.49
6.43
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FRANKLIN LTD.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of FRANKLIN LTD. indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 6.29 | 6.34 | 6.41 | 6.43 | 6.47 | 6.53 | 6.57 |
| Change (%) | -2.18% | -1.40% | -0.31% | - | +0.62% | +1.56% | +2.18% |
| Change | -0.14 | -0.09 | -0.02 | - | +0.04 | +0.10 | +0.14 |
| Level | Minor | Major | Minor | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.32 | 6.36 | 6.42 | 6.46 | 6.52 | 6.56 | 6.62 |
| Camarilla | 6.44 | 6.45 | 6.46 | 6.47 | 6.48 | 6.49 | 6.50 |
| Woodie | 6.32 | 6.37 | 6.42 | 6.47 | 6.52 | 6.57 | 6.62 |
| Fibonacci | 6.36 | 6.40 | 6.43 | 6.46 | 6.50 | 6.53 | 6.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.95 | 6.14 | 6.29 | 6.48 | 6.63 | 6.82 | 6.97 |
| Camarilla | 6.35 | 6.38 | 6.41 | 6.44 | 6.47 | 6.50 | 6.53 |
| Woodie | 5.93 | 6.13 | 6.27 | 6.47 | 6.61 | 6.81 | 6.95 |
| Fibonacci | 6.14 | 6.27 | 6.35 | 6.48 | 6.61 | 6.69 | 6.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.08 | 6.18 | 6.38 | 6.48 | 6.68 | 6.78 | 6.98 |
| Camarilla | 6.49 | 6.52 | 6.54 | 6.57 | 6.60 | 6.63 | 6.65 |
| Woodie | 6.12 | 6.21 | 6.42 | 6.51 | 6.72 | 6.81 | 7.02 |
| Fibonacci | 6.18 | 6.30 | 6.37 | 6.48 | 6.60 | 6.67 | 6.78 |
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): | 43.19 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -12.90 | |
| AROON (14): | 0 | |
| DEMA (21): | 6.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.49 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 6.41 | |
| Zig ZAG (10): | 6.43 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 22.78 | |
| TEMA (21): | 6.45 | |
| Williams %R (14): | -80.30 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.60 |
| MA7: | 6.44 | |
| MA20: | 6.55 | |
| MA50: | 6.48 | |
| MA100: | 6.46 | |
| MAexp7: | 6.44 | |
| MAexp20: | 6.45 | |
| MAexp50: | 6.47 | |
| MAexp100: | 6.50 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -1.83% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | -0.46% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -1.08% |
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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