The Greedy Trader Weekly Analysis
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Franklin Resources
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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Bearish Downside Tasuki Gap CandlestickWilliams' Percentage Range is oversold
Move cursor over the icon to see details.

It was the negative week for the Franklin Resources (BEN). During the week, the BEN gave back -0.15 points, or -0.46%, and closed at 32.30 on Friday, August 03, 2018. Weekly volume was 76% 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 31.28 on July 2, 2018. BEN lost 16.37 points, or 34.35%, in 48 weeks. The price is now at the 6.23% retracement level.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term uptrend had started on July 2, 2018 at 31.28 and reached 34.85 on July 31, 2018. BEN gained -3.57 points, or -11.41%, in 4 weeks. The price is now at the 71.43% retracement level.

Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 August 2, 2018 at 31.29 and reached 32.43 on August 3, 2018. BEN gained -1.14 points, or -3.64%, in 1 days. The price is now at the 11.40% retracement level.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

The daily MACD line is above its signal line since July 10, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Candlestick pattern: [See BEN candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.42
Williams' Percentage Range (W%R) 84.50
Oversold
Lane's Stochastic (%D-Slow) 46.04
Greed/Fear Indicator (GFI) 37.64
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.40
Williams' Percentage Range (W%R) 93.30
Strong Oversold
Lane's Stochastic (%D-Slow) 30.71
Greed/Fear Indicator (GFI) 28.85
Moving Average Converg./Diverg. (MACD) -2.13
Trading Signals
Description Value Chart
Parabolic System 34.81
Upper Bollinger Band 33.91
50 Day Moving Average 32.93
Daily Stochastic Crossing 32.56
Weekly Stochastic Crossing 32.55
20 Day Moving Average 32.55
Price 32.30
Lower Bollinger Band 31.38
Sector and Industry
Description Name Rank
Sector Financial 4
Industry Asset Management 21
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.29
Low Date 08/02/2018
High 32.43
High Date 08/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.28
Low Date 07/02/2018
High 34.85
High Date 07/31/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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