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Monthly Pattern:Falling Channel
Number of records: 8
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
Archive
- 7/13/2018
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Franklin Resources
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversoldLane's Stochastic bullish divergenceWeekly  MACD line has moved above its signal line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was a first positive week after 4 consecutive negative weeks for the Franklin Resources (BEN). During the week, the BEN gained 0.55 points, or 1.73%, and closed at 32.33 on Friday, July 13, 2018. It was the best weekly gain since May 18, 2018. Weekly volume was 24% above average.

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 price is now at the 89.64% retracement level.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on June 7, 2018 at 34.86 and reached 31.28 on July 2, 2018. BEN lost 3.58 points, or 10.27%, in 3 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (29.74) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

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. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 and Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 July 2, 2018 at 31.28 and reached 32.62 on July 13, 2018. BEN gained -1.34 points, or -4.28%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.64
Williams' Percentage Range (W%R) 59.10
Lane's Stochastic (%D-Slow) 77.43
Greed/Fear Indicator (GFI) 53.65
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.07
Williams' Percentage Range (W%R) 88.10
Oversold
Lane's Stochastic (%D-Slow) 37.42
Bullish
Greed/Fear Indicator (GFI) 31.65
Moving Average Converg./Diverg. (MACD) -2.21 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 33.83
50 Day Moving Average 33.20
20 Day Moving Average 32.47
Daily Stochastic Crossing 32.39
Weekly Stochastic Crossing 32.34
Price 32.33
Parabolic System 31.52
Lower Bollinger Band 31.20
Monthly Trendline Resistance 30.77
Monthly Trendline Support 29.74
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Asset Management 26
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.28
Low Date 07/02/2018
High 32.62
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.28
Low Date 07/02/2018
High 32.62
High Date 07/13/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 30.77
Support 29.74
High 34.86
High Date 06/07/2018
Low 31.28
Low Date 07/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 31.28
Low Date 07/02/2018
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.

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