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|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.