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Monthly Pattern:Falling Channel
Number of records: 4
Symbol:  

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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
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Move cursor over the icon to see details.

It was a third positive week after 4 consecutive negative weeks for the Franklin Resources (BEN). During the week, the BEN gained 1.19 points, or 2.74%, and closed at 44.67 on Friday, December 08, 2017. BEN was trading at average weekly trading volume.

BEN is a member of Financial Sector. Financial is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BEN long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 30.56 and reached 47.65 on July 26, 2017. BEN gained -17.09 points, or -55.92%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (45.22) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on July 26, 2017 at 47.65 and reached 40.22 on November 15, 2017. BEN lost 7.43 points, or 15.59%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (39.98) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BEN may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since August 4, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See BEN short-term trend chart]
A short-term uptrend had started on November 15, 2017 at 40.22 and reached 44.90 on December 6, 2017. BEN gained -4.68 points, or -11.64%, in 21 days. Price is near the trend high.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since November 21, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.33
Overbought
Williams' Percentage Range (W%R) 2.60
Strong Overbought
Lane's Stochastic (%D-Slow) 90.03
Strong Overbought
Greed/Fear Indicator (GFI) 90.93
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.17
Williams' Percentage Range (W%R) 38.60
Lane's Stochastic (%D-Slow) 35.41
Greed/Fear Indicator (GFI) 51.16
Moving Average Converg./Diverg. (MACD) 0.19
Trading Signals
Description Value Chart
Yearly Trendline Resistance 50.30
Upper Bollinger Band 46.13
Yearly Trendline Support 45.22
Price 44.67
Daily Stochastic Crossing 44.59
Quarterly Trendline Resistance 44.15
Parabolic System 43.43
50 Day Moving Average 43.23
20 Day Moving Average 42.24
Weekly Stochastic Crossing 42.18
Quarterly Trendline Support 39.98
Lower Bollinger Band 39.93
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Asset Management 134
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.33
Low Date 12/01/2017
High 44.90
High Date 12/06/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.22
Low Date 11/15/2017
High 44.90
High Date 12/06/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.40
High Date 10/20/2017
Low 40.22
Low Date 11/15/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 44.15
Support 39.98
High 47.65
High Date 07/26/2017
Low 40.22
Low Date 11/15/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 50.30
Support 45.22
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.

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