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|It was a second consecutive positive week for the Franklin Resources (BEN). During the week, the BEN gained 0.85 points, or 2.56%, and closed at 34.11 on Friday, May 18, 2018. BEN was trading at average weekly trading volume. |
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 79.23% retracement level.
Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 45.96 and reached 31.67 on May 3, 2018. BEN lost 14.29 points, or 31.09%, in 14 weeks. The price is now at the 17.07% retracement level.
Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. 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 May 9, 2018 at 32.19 and reached 34.31 on May 17, 2018. BEN gained -2.12 points, or -6.59%, in 8 days. The price is now at the 9.43% retracement 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.
The daily MACD line is above its signal line since April 13, 2018. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.