The Greedy Trader Weekly Analysis
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Number of records: 6
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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 :
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was a second consecutive positive week for the Franklin Resources (BEN). During the week, the BEN climbed 0.17 points, or 0.55%, and closed at 30.87 on Friday, November 09, 2018. Weekly volume was -23% below 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 28.12 on October 12, 2018. BEN lost 19.53 points, or 40.99%, in 63 weeks. The price is now at the 14.08% retracement level.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on July 31, 2018 at 34.85 and reached 28.12 on October 12, 2018. BEN lost 6.73 points, or 19.31%, in 10 weeks. The price is now at the 40.86% retracement level.

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

The weekly MACD line is above its signal line since October 26, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 October 12, 2018 at 28.12 and reached 31.84 on November 8, 2018. BEN gained -3.72 points, or -13.23%, in 27 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with 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 and Williams' Percentage Range help.

The daily MACD line is above its signal line since October 25, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.27
Williams' Percentage Range (W%R) 15.70
Overbought
Lane's Stochastic (%D-Slow) 84.21
Overbought
Greed/Fear Indicator (GFI) 77.58
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.84
Williams' Percentage Range (W%R) 53.20
Lane's Stochastic (%D-Slow) 31.23
Greed/Fear Indicator (GFI) 41.71
Moving Average Converg./Diverg. (MACD) -1.60
Trading Signals
Description Value Chart
Upper Bollinger Band 32.44
Daily Stochastic Crossing 31.62
Price 30.87
50 Day Moving Average 30.64
Parabolic System 30.19
20 Day Moving Average 30.06
Weekly Stochastic Crossing 30.02
Lower Bollinger Band 28.57
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Asset Management 28
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 31.84
High Date 11/08/2018
Low 30.41
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.12
Low Date 10/12/2018
High 31.84
High Date 11/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.85
High Date 07/31/2018
Low 28.12
Low Date 10/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 28.12
Low Date 10/12/2018
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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