The Greedy Trader Weekly Analysis
Sign In Oct 12, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Monthly Pattern:Falling Channel
Number of records: 12
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Franklin Resources
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal line
Move cursor over the icon to see details.

It was a first positive week for the Franklin Resources (BEN). During the week, the BEN climbed 0.12 points, or 0.39%, and closed at 30.53 on Friday, October 05, 2018. Weekly volume was 9% above average.

Long-term trend: [See BEN long-term trend chart]
A long-term downtrend had started on July 26, 2017 at 47.65 and reached 29.95 on September 7, 2018. BEN lost 17.70 points, or 37.15%, in 58 weeks. Price is near the trend low.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on July 31, 2018 at 34.85 and reached 29.95 on September 7, 2018. BEN lost 4.90 points, or 14.06%, in 5 weeks. The price is now at the 11.84% retracement level.

Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 6, 2018. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See BEN short-term trend chart]
A short-term downtrend had started on September 21, 2018 at 33.35 and reached 30.21 on October 4, 2018. BEN lost 3.14 points, or 9.42%, in 13 days. The price is now at the 10.19% retracement level.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since September 26, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.95
Williams' Percentage Range (W%R) 86.30
Oversold
Lane's Stochastic (%D-Slow) 9.74
Strong Oversold
Greed/Fear Indicator (GFI) 19.79
Oversold
Moving Average Converg./Diverg. (MACD) -0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.71
Williams' Percentage Range (W%R) 85.90
Oversold
Lane's Stochastic (%D-Slow) 25.20
Greed/Fear Indicator (GFI) 28.29
Moving Average Converg./Diverg. (MACD) -1.62
Trading Signals
Description Value Chart
Upper Bollinger Band 32.84
50 Day Moving Average 32.05
Parabolic System 31.94
20 Day Moving Average 31.39
Weekly Stochastic Crossing 31.04
Price 30.53
Daily Stochastic Crossing 30.38
Lower Bollinger Band 29.70
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Asset Management 42
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.21
Low Date 10/04/2018
High 30.98
High Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.35
High Date 09/21/2018
Low 30.21
Low Date 10/04/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.85
High Date 07/31/2018
Low 29.95
Low Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 29.95
Low Date 09/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.56
Low Date 06/27/2016
High 47.65
High Date 07/26/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2016 All rights reserved.