FRANKLIN RESOURCES INC. - Daily - Technical analysis published on 10/15/2019 (GMT)
- 219
- 0
- Who voted?
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 30.49 USD
My targets
25.93 USD (-5.74%)
20.02 USD (-27.23%)
My analysis
The bearish basic trend is very strong on FRANKLIN RESOURCES INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 30.49 USD. Crossing the first support at 25.93 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 20.02 USD as an objective. Crossing it would then enable sellers to target 12.89 USD. Caution, a return to above the resistance located at 30.49 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.6
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FRANKLIN RESOURCES INC. price is 27.51 USD. The price registered an increase of +2.00% on the session with the lowest point at 26.98 USD and the highest point at 27.59 USD. The deviation from the price is +1.96% for the low point and -0.29% for the high point.26.98
27.59
27.51
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of FRANKLIN RESOURCES INC. indicates that the overall trend is strongly bearish. 85.71% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.89 | 20.02 | 25.93 | 27.51 | 30.49 | 31.85 | 32.82 |
| Change (%) | -53.14% | -27.23% | -5.74% | - | +10.83% | +15.78% | +19.30% |
| Change | -14.62 | -7.49 | -1.58 | - | +2.98 | +4.34 | +5.31 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | 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 | 25.94 | 26.22 | 26.60 | 26.88 | 27.26 | 27.54 | 27.92 |
| Camarilla | 26.79 | 26.85 | 26.91 | 26.97 | 27.03 | 27.09 | 27.15 |
| Woodie | 25.98 | 26.25 | 26.64 | 26.91 | 27.30 | 27.57 | 27.96 |
| Fibonacci | 26.22 | 26.48 | 26.63 | 26.88 | 27.14 | 27.29 | 27.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.74 | 25.46 | 26.39 | 27.11 | 28.04 | 28.76 | 29.69 |
| Camarilla | 26.87 | 27.02 | 27.17 | 27.32 | 27.47 | 27.62 | 27.77 |
| Woodie | 24.85 | 25.51 | 26.50 | 27.16 | 28.15 | 28.81 | 29.80 |
| Fibonacci | 25.46 | 26.09 | 26.48 | 27.11 | 27.74 | 28.13 | 28.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.88 | 23.70 | 26.28 | 28.11 | 30.69 | 32.51 | 35.09 |
| Camarilla | 27.65 | 28.05 | 28.46 | 28.86 | 29.26 | 29.67 | 30.07 |
| Woodie | 22.25 | 23.89 | 26.66 | 28.29 | 31.06 | 32.70 | 35.47 |
| Fibonacci | 23.70 | 25.38 | 26.42 | 28.11 | 29.79 | 30.83 | 32.51 |
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): | 48.39 | |
| MACD (12,26,9): | -0.3900 | |
| Directional Movement: | -4.94 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 27.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.83 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 28.30 | |
| Zig ZAG (10): | 27.54 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 37.69 | |
| TEMA (21): | 27.03 | |
| Williams %R (14): | -53.18 | |
| Chande Momentum Oscillator (20): | -1.08 | |
| Repulse (5,40,3): | 1.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 12.46 |
| MA7: | 26.88 | |
| MA20: | 27.83 | |
| MA50: | 27.68 | |
| MA100: | 30.60 | |
| MAexp7: | 27.13 | |
| MAexp20: | 27.52 | |
| MAexp50: | 28.44 | |
| MAexp100: | 29.67 | |
| Price / MA7: | +2.34% | |
| Price / MA20: | -1.15% | |
| Price / MA50: | -0.61% | |
| Price / MA100: | -10.10% | |
| Price / MAexp7: | +1.40% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -3.27% | |
| Price / MAexp100: | -7.28% |
News
Don"t forget to follow the news on FRANKLIN RESOURCES INC.. At the time of publication of this analysis, the latest news was as follows:
- Investor Network: Franklin Resources, Inc. to Host Earnings Call
- Franklin Resources, Inc. Announces First Quarter Results
- Franklin Templeton Investments Expands Suite of Actively Managed ETFs
- Franklin Templeton Expands Insurance VA Team to Meet Evolving Client Needs
- Franklin Resources, Inc. to Announce First Quarter Results on January 27, 2017
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis FRANKLIN RESOURCES INC. - Daily